Equity Bancshares, Inc.
Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of those who purchased or acquired the securities of Equity Bancshares, Inc. (NASDAQ: EQBK) between May 11, 2018, and April 22, 2019. The lawsuit seeks to recover Equity Bancshares shareholders’ investment losses.
If you purchased shares of Equity Bancshares between May 11, 2018, and April 22, 2019, and would like to join the action, please click “Join Class Action” above.
May 14, 2019
New York, New York – Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of those who purchased or acquired the securities of Equity Bancshares, Inc. (“Equity Bancshares” or the “Company) (NASDAQ: EQBK) between May 11, 2018, and April 22, 2019, both dates inclusive (the “Class Period”). The lawsuit, filed in the United States District Court for the Southern District of New York, seeks to recover damages for Equity Bancshares shareholders under the federal securities laws.
According to the lawsuit, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclosed that (1) that Equity Bancshares lacked adequate internal controls to assess credit risk; (2) that, as a result, certain of Equity Bancshares’ loans posed an increased risk of loss; (3) that, as a result, Equity Bancshares was reasonably likely to incur significant losses for certain substandard loans; and (4) that, as a result of the foregoing, Defendants positive statements about Equity Bancshares business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you wish to serve as lead plaintiff in the Equity Bancshares class action, you must move the court no later than July 12, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you take no action, you may remain an absent class member.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and been listed in The Legal 500 for ten consecutive years.
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