RM LAW, P.C. has commenced an investigation into potential securities law violations by certain officers of Eagle Bancorp, Inc. (“Eagle Bancorp” or the “Company”) (NASDAQ: EGBN).
If you purchased shares of Eagle Bancorp and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
On December 1, 2017, Aurelius Value published a report alleging that the Company has been engaged in a pattern of conduct similar to conduct that preceded previous bank failures, including “large insider loans that finance the CEO’s companies but haven’t been disclosed,” and “undisclosed financial entanglements between largest borrowers and the CEO.” Aurelius Value further accused insiders of treating Eagle Bancorp as their own “private piggy bank.”
On this news, shares of Eagle Bancorp fell $16.20 per share or 24.5% to close at $49.95 per share on December 1, 2017