NEW YORK, Aug. 5, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that a class action has been filed against BancorpSouth, Inc. (Nasdaq:BXS) on behalf of purchasers of the Company's securities between January 8, 2014 and July 21, 2014, inclusive. The lawsuit seeks to recover damages for BancorpSouth shareholders under the federal securities laws.
To join the BancorpSouth class action, go to the website at http://rosenlegal.com/cases-315.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, the Company issued materially false and misleading statements to investors by failing to disclose that BancorpSouth's operations and credit practices violated the Bank Secrecy Act and federal anti-money-laundering programs, that the Company's lending practices were not in compliance with the regulations promulgated by the Consumer Financial Protection Bureau, and, that as a result BancorpSouth's financial statements were materially false and misleading. When these adverse facts entered the market, the price of the Company's securities dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 29, 2014. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please visit the website at http://rosenlegal.com/cases-315.html or contact, Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 email@example.com firstname.lastname@example.org email@example.com www.rosenlegal.comSource: The Rosen Law Firm PA PC