NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of First NBC Bank Holding Company common stock (NASDAQ:FNBC) from May 10, 2013 through April 8, 2016, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for First NBC investors under the federal securities laws.
To join the First NBC class action, go to the firm’s website at http://rosenlegal.com/cases-862.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 more 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, defendants throughout the Class Period issued false and misleading statements to investors and/or failed to disclose adverse facts regarding First NBC’s business and financial results, including that: (1) First NBC had improperly accounted for certain of its tax credit entities; (2) the carrying value of its investments in tax credits on its books was overstated; (3) these investments should have been marked as impaired and charges taken against them on a more timely basis; and (4) First NBC had a larger exposure to the oil and gas industry than it had disclosed and had failed to take adequate reserves against this growing exposure. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 5, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://rosenlegal.com/cases-862.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.