Bank OZK

Case Details

Class Period:
February 19, 2016 – October 18, 2018
Date Filed:
October 26, 2018
Case Number:
4:18-cv-00793
Jurisdiction:
Eastern District of Arkansas

Case Summary

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company lacked adequate internal controls to assess credit risk; (2) that, as a result, certain of the Company's loans posed an increased risk of loss; (3) that certain substandard loans were reasonably likely to lead to charge-offs; and (4) 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.

Action Details

View Complaint (pdf)

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