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HBNC.US
id: 670, Created by Stan Vick Chase, Scout
Join Horizon Bancorp, Inc. (HBNC) Misleading Case to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- Horizon disclosed material accounting revisions and errors.
- $HBNC price fell 10.96%, injuring investors.
- Investors suspect Horizon & its Team of negligence and misleading, leading to investment damages.
On March 10, 2023, Horizon Bancorp, Inc. (HBNC) filed a late filing notice with the SEC, announcing receipt of a notice from NASDAQ as a result of failing to timely file its annual report, as well as disclosing that it had identified material weaknesses in its internal controls. Specifically, the material weakness related to:
- Accounting revisions of previously issued financial statements with respect to the classification of sold commercial loan participation balances, the reporting of indirect loan dealer reserve asset balances and related amortization expense, and the classification of certain available-for-sale and held-to-maturity securities from privately labeled mortgage-backed pools to federal agency mortgage pool.
- Calculation error in the Company’s public float.
On this news, the $HBNC price fell 10.96%, injuring investors.
Taking recent disclosures into account, Investors have grounds to suspect Horizon, its Leaders & its Service Providers of negligence and misleading which consequently led to investment damages.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10 March 2023
Filing date
19 April 2023
Class period Start
09 March 2022
Class period End
10 March 2023
Lead Plaintiff Deadline
19 June 2023
Court
Eastern District of New York