Press release
Investigation announced for Long-Term Investors in shares of Cadence Bancorporation (NYSE: CADE)
An investigation on behalf of current long term investors in Cadence Bancorporation (NYSE: CADE) shares.
Investors who are current long term investors in Cadence Bancorporation (NYSE: CADE) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: CADE stocks follows a lawsuit filed against Cadence Bancorporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CADE stocks, concerns whether certain Cadence Bancorporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges that the Defendants failed to disclose to investors that the Company lacked adequate internal controls to assess credit risk, that, as a result, certain of the Company's loans posed an increased risk of loss, that, as a result, the Company was reasonably likely to incur significant losses for certain loans, that the Company's financial results would suffer a material adverse impact, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Cadence Bancorporation (NYSE: CADE) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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