SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Texas Capital Bancshares, Inc. - TCBI
NEW YORK, March 22, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Texas Capital Bancshares, Inc. ("Texas Capital" 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 Texas Capital 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, Texas Capital's stock price fell 13% due to the large-scale selling of shares by prime brokers associated with the now-defunct family office Archegos Capital Management ("Archegos"). A Bloomberg article published on November 16, 2021 revealed that Archegos had amassed a position of 20% in Texas Capital prior to the margin calls that prompted its liquidation. The article also reported that Texas Capital was aware of Archegos' large position while it was raising additional capital from investors in February 2021.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, 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.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
SOURCE Pomerantz LLP
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