SAN DIEGO–(BUSINESS WIRE)–$EGBN #EagleBancorp—Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of Eagle Bancorp, Inc. (“Eagle Bancorp” or the “Company”) (NASDAQ: EGBN) breached their fiduciary duties to the Company and its shareholders. If you are an Eagle Bancorp shareholder, you are encouraged to contact Amber Eck at Haeggquist & Eck for additional information.
Eagle Bancorp is a bank headquartered in Bethesda, Maryland, with operations in the Washington, D.C. area.
On July 17, 2019, Eagle Bancorp disclosed an increasing level of legal expenses resulting from ongoing internal and government investigations of Eagle Bancorp’s “identification, classification and disclosure of related party transactions; the retirement of certain former officers and directors; and the relationship of [Eagle Bancorp] and certain of its former officers and directors with a local public official.” On this news, the price of Eagle Bancorp’s shares plummeted.
Haeggquist & Eck is investigating whether members of Eagle Bancorp’s Board of Directors (the “Board”) made false and/or misleading statements or failed to disclose material adverse facts, about Eagle Bancorp’s business, operations, prospects, and financial health. Specifically, Haeggquist & Eck is investigating whether: (1) Eagle Bancorp’s internal controls, procedures, and compliance policies were inadequate; (2) Eagle Bancorp’s lack of internal controls created a foreseeable risk of heightened regulatory scrutiny and the need for Eagle Bancorp to undertake its own internal investigations; and (3) as a result, Eagle Bancorp’s statements about its business, operations, and prospects were materially false and misleading.
What You Can Do
If you are an Eagle Bancorp shareholder, you may have legal claims against its directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber Eck at 619-342-8000 or e-mail her at [email protected]. There is no cost or obligation to you.
Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.
This release constitutes attorney advertising. Past results do not guarantee a similar outcome.
Contacts
Haeggquist & Eck, LLP
619-342-8000
Amber Eck, [email protected]
