OZK.US
id: 235
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
E. D. Arkansas
Court19 Feb 2016
Class period Start18 Oct 2018
Class period End06 Oct 2022
Claim deadlineStrathclyde Pension Fund v. Bank OZK, et al.
"The Complaint alleged that Defendants made materially false and misleading statements in and omissions from OZK’s public filings and on public conference calls with financial analysts concerning OZK’s asset and credit quality. While OZK reported credit metrics and related ratios that demonstrated the “pristine” credit quality of its loan portfolio, Defendants allegedly concealed two nonperforming commercial real estate loans, identified as the “South Carolina Loan” and the “North Carolina Loan.” The Complaint further alleged that as a result of Defendants’ misrepresentations and omissions, the price of OZK common stock was artificially inflated during the Class Period, and that when OZK announced at the end of the Class Period that it had charged off the South Carolina and North Carolina Loans, the price of OZK stock declined, thereby damaging the Class Members."
Case Status
Accepting Late Claims
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Strathclyde Pension Fund
Attorneys
Robbins Geller Rudman & Dowd LLP
Judge
Hon. D.P. Marshall Jr.
Administrator
Gilardi & Co LLC
Court hearing date
19 September 2022
+$45,000,000
Cash Settlement Amount