Cases
Opus Bank (NASDAQ: OPB)
Securities Class Action
Overview
Overview
- Date:
- 1/25/2017
- Company Name:
- Opus Bank
- Stock Symbol:
- OPB
- Status:
- Closed/Complete
NEW YORK, January 25, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Opus Bank (NASDAQ: OPB) concerning whether the board has breached its fiduciary duties to stockholders.
On October 17, 2016, Opus Bank issued a press release entitled “Opus Bank Announces Loan Charge-Offs Will Impact Third Quarter Earnings.” The Company stated, “As part of the credit review process of impaired loans, new developments supported charge-offs being recognized on eight loan relationships through the allowance for loan losses at September 30, 2016.” On this news, Opus shares dropped $7.25 per share to close at $27.20 on October 17, 2016.
If you own Opus Bank securities or continue to hold shares purchased, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On October 17, 2016, Opus Bank issued a press release entitled “Opus Bank Announces Loan Charge-Offs Will Impact Third Quarter Earnings.” The Company stated, “As part of the credit review process of impaired loans, new developments supported charge-offs being recognized on eight loan relationships through the allowance for loan losses at September 30, 2016.” On this news, Opus shares dropped $7.25 per share to close at $27.20 on October 17, 2016.
If you own Opus Bank securities or continue to hold shares purchased, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.