Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.
Eagle Bancorp (NASDAQ: EGBN) shares fell over 20% after the company disclosed it is involved in ongoing government investigations. The company said it expects high legal fees for fiscal year 2019. Investors who lost money in EGBN are encouraged to contact an attorney to explore their legal rights.
Eagle Bancorp Stock Plummets 20% on News of Government Investigations
On July 17th, Eagle Bancorp released its Q2 earnings report, missing revenue and earnings estimates. The company also disclosed that it has been the target of ongoing government investigations. According to the Washington Business Journal, these investigations have caused a dramatic increase in Eagle Bancorp’s legal fees.
Global Newswire states that these investigations involve potential wrongdoing surrounding Eagle Bancorp’s disclosure (or non-disclosure) of related party transactions, the “retirement” of certain of its officers and directors, and a potentially improper relationship with a local public official.
Eagle Bancorp has announced that it is unable to predict the outcome of these ongoing investigations. The company expects to continue to incur high legal fees for at least the rest of 2019.
On this news, shares dropped over 20% and significantly injured investors. Our firm will continue to investigate.
Our Securities Lawyers Have a Winning Record Against Companies Like Eagle Bancorp
Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
You “shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.”
–Eric Gibbs, award-winning securities attorney
Praise from the Courts
Federal judge in our AT&T class action:
“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”
Federal judge in our Chase lawsuit (resulting in $100 million settlement):
They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”
Read more about what judges say about us.
Our Featured Securities Team
Eileen works closely with investors in securities cases and has over a decade of experience in the legal world. She received her law degree from American University in 2005.
David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.
Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.
Gibbs Law Group's Financial Fraud Experience
Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.
We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).
Share this on: