Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Texas Capital Bancshares, Inc. - TCBI

NEW YORK, Nov. 25, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Texas Capital Bancshares, Inc. ("TCB" or the "Company") (NASDAQ: TCBI).  Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether TCB and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On March 29, 2021, TCB's stock price fell roughly 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management ("Archegos"), unwound large U.S. stock positions linked to the fund.  Then, on November 16, 2021, Bloomberg published an article detailing how Archegos built up a previously undisclosed position equal to 20% of TCB prior to the margin calls that forced Archegos's liquidation.  According to the Bloomberg article, TCB was aware of the large position held by Archegos even while the Company raised additional capital from investors in February 2021.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.


Robert S. Willoughby
Pomerantz LLP
[email protected] 
888-476-6529 ext. 7980

SOURCE Pomerantz LLP

These press releases may also interest you

at 12:39
Pye, a leading kiosk manufacturer, has teamed with Chase, a world financial leader, to securely process payments through its self-service point-of-sale solutions across Canada. As the Alabama-based firm expands its thriving U.S. footprint and ramps...

at 12:35
The Pepperdine Graziadio Business School Most Fundable Companies Showcase 2022 event will be held on October 13 at the Villa Graziadio Executive Center and presented by the Singleton Foundation for Financial Literacy and Entrepreneurship, and...

at 12:35
BSV Blockchain Association is excited to announce that it will be exhibiting in the fifth annual Future Blockchain Summit in Dubai. The summit is one of the largest of its kind in the world, with over 100,000 visitors and exhibitors set to be in...

at 12:30
RK Logistics Group, a leading Silicon Valley provider of warehousing, eCommerce fulfillment and supply chain...

at 12:15
Xandar Kardian, a Toronto-based company that develops contactless health monitoring solutions, has joined the American Heart Association Center for Health Technology & Innovation's (the Center) Innovators' Network. The Center is focused on building...

at 12:14
Curbio, Inc., the leading fix now, pay when you sell home improvement solution for real estate agents, brokers and their listing clients, today announced recognition from workplace culture site Comparably for its exemplary workplace environment....

News published on 25 november 2021 at 23:38 and distributed by: