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OZK.US
id: 235, Created by Stan Vick Chase, Scout

Bank Ozk

Settled
19 February 2016
Class period Start
18 October 2018
Class period End
06 October 2022
Claim deadline
Strathclyde 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."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
Strathclyde Pension Fund
Attorney
Robbins Geller Rudman & Dowd LLP
Court
Eastern District of Arkansas
Judge
Hon. D.P. Marshall Jr.
Administrator
Gilardi & Co LLC
Court hearing date
19 September 2022
+$45,000,000
Total Settlement Amount
Created by Stan Vick Chase, Scout

Bank Ozk

Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep...

    Ticker
    OZK.US
    ISIN
    US06417N1037
    CIK
    1038205
    Sector
    Financial Services
    Industry
    Banks-Regional
    Country
    USA
    Address
    18000 Cantrell Road, Little Rock, AR, United States, 72223