NEW YORK, June 03, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Equity Bancshares, Inc. (NASDAQ: EQBK) from May 11, 2018 through April 22, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Equity Bancshares investors under the federal securities laws.
To join the Equity Bancshares class action, go to http://pawarlawgroup.com/cases/equity-bancshares-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Equity Bancshares lacked adequate internal controls to assess credit risk; (2) certain of Equity Bancshares’ loans posed an increased risk of loss; (3) Equity Bancshares was reasonably likely to incur significant losses for certain substandard loans; and (4) as a result of the foregoing, defendants’ positive statements about Equity Bancshares’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 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 12, 2019. 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 http://pawarlawgroup.com/cases/equity-bancshares-inc/ or call Vik Pawar, Esq. or toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff. Attorney Advertising. Prior results do not guarantee a similar outcome.
Pawar Law Group represents investors from around the world.
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Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
info@pawarlawgroup.com