NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Eagle Bancorp, Inc. (NASDAQ:EGBN) concerning possible violations of federal securities laws.
On December 1, 2017, a research report was issued alleging that there was evidence of an insider loan scheme involving Eagle Bancorp Chairman and Chief Executive Officer Ronald D. Paul and certain Board Members. The report stated that “insiders treat Eagle as their own private piggy bank.” The report further stated that Eagle Bancorp insiders enrich themselves by carving out undisclosed special deals where Eagle Bancorp’s management benefits personally from a customer relationship. On this news, shares of Eagle Bancorp fell over 24% from its previous closing price to close at $49.95 per share on December 1, 2017. To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.