NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Cadence Bancorporation (NYSE: CADE) resulting from allegations that Cadence may have issued materially misleading business information to the investing public.
On July 22, 2019, Cadence announced that the Company’s financial and operating results for the second quarter of 2019 were “negatively impacted by higher credit costs including net charge-offs of $18.6 million and loan provisions of $28.9 million,” which caused Cadence to miss second quarter earnings expectations.
On this news, Cadence’s stock price fell $3.75 per share, or 19.12%, to close at $15.86 per share on July 22, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Cadence investors. If you purchased shares of Cadence please visit the firm’s website at http://www.rosenlegal.com/cases-register-1630.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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