Glancy Prongay & Murray LLP (GPM) announces an investigation on behalf of Bank OZK (Bank OZK or the Company) (NASDAQ: OZK) investors concerning the Company and its officers possible violations of federal securities laws.
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The investigation concerns whether the Company made false or misleading statements to investors regarding its deteriorating asset quality, including the need for a massive charge-off. On October 19, 2018, the Company announced its third-quarter earnings that missed expectations, including charge-offs of $45.5 million on two Real Estate Specialties Group credits for unrelated projects in South and North Carolina. On this news, shares of Bank OZK fell over 27% during intraday trading, thereby injuring investors.
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If you purchased Bank OZK securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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