Cision PR Newswire
INVESTIGATION ALERT: The Gross Law Firm Notifies Shareholders of Texas Capital Bancshares, Inc. of an Investigation and Potential Class Action Lawsuit - (NASDAQ: TCBI)
News provided byThe Gross Law Firm
May 26, 2023, 5:00 AM ET
NEW YORK, May 26, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Texas Capital Bancshares, Inc.:
On March 29, 2021, shares of Texas Capital stock dropped 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management, unwound large U.S. stock positions linked to the fund. A Bloomberg article published on November 16, 2021 detailed how Archegos built up a previously undisclosed position equal to 20% of Texas Capital prior to the margin calls that forced Archegos' liquidation. According to the article, Texas Capital was aware of the large position held by Archegos while it raised additional capital from investors in February 2021.
Due to the forgoing, The Gross Law Firm is investigating potential securities fraud claims on behalf of certain Texas Capital investors. If you incurred a loss on your TCBI investment, please contact us using the link below to discuss your rights.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Phone: (646) 453-8903
View original content:https://www.prnewswire.com/news-releases/investigation-alert-the-gross-law-firm-notifies-shareholders-of-texas-capital-bancshares-inc-of-an-investigation-and-potential-class-action-lawsuit--nasdaq-tcbi-301835314.html
SOURCE The Gross Law Firm
NOTE: This content is not written by or endorsed by "KNWA and KFTA", its advertisers, or Nexstar Media Inc.