LOS ANGELES–(BUSINESS WIRE)–$OZK #BankOZK—The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Bank OZK (“Bank
OZK” or “the Company”) (NASDAQ: OZK)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Investors who purchased the Company’s shares between February 19, 2016
and October 18, 2018, inclusive (the “Class Period”), are encouraged to
contact the firm before December 26, 2018.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Bank OZK did not have appropriate internal
controls to review and assess risk in place. Due to the inadequacy of
the Company’s controls, its loans faced an increased risk of loss. In
fact, a portion of Bank OZK’s substandard loans were known to be likely
to face charge-offs. Based on these facts, the Company’s public
statements were false and materially misleading throughout the class
period. When the market learned the truth about Bank OZK, investors
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.