An investigation on behalf of current long term investors in Equity Bancshares, Inc. (NASDAQ: EQBK) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 07/23/2019 -- An investigation was announced for current long-term investors in shares of Equity Bancshares, Inc. (NASDAQ: EQBK) concerning potential breaches of fiduciary duties by certain directors of Equity Bancshares, Inc..
Investors who are current long term investors in Equity Bancshares, Inc. (NASDAQ: EQBK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: EQBK stocks follows a lawsuit filed against Equity Bancshares, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EQBK stocks, concerns whether certain Equity Bancshares directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that the Company lacked adequate internal controls to assess credit risk, that, as a result, certain of the Company's loans posed an increased risk of loss, that, as a result, the Company was reasonably likely to incur significant losses for certain substandard loans, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Equity Bancshares, Inc. (NASDAQ: EQBK) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.