NEW YORK, Sept. 5, 2014 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, reminds
investors in BancorpSouth, Inc. ("BancorpSouth" or the "Company")
(NYSE: BXS) of the September 29, 2014
deadline to seek the role of lead plaintiff in a federal securities
class action lawsuit filed against BancorpSouth and certain
executives.
A complaint has been filed in the Middle District of
Tennessee on behalf of all persons
who purchased or otherwise acquired BancorpSouth securities between
January 8, 2014 and July 21, 2014, inclusive (the "Class
Period").
The complaint alleges that the Company and its executives
violated federal securities laws with respect to its disclosures
concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period,
BancorpSouth made false and/or misleading statements and/or failed
to disclose that: (i) the Company's operations and credit practices
were in violation of the Bank Secrecy Act ("BSA") as well as
federal anti-money-laundering programs; (ii) BancorpSouth's lending
practices did not comply with the regulations promulgated by the
Consumer Financial Protection Bureau; and (iii) regulatory scrutiny
into the Company's lending practices could imperil BancorpSouth's
ability to finalize recently announced mergers with Ouachita
Bancshares Corp and Central Community Corporation.
On July 21, 2014, the Company
issued a press release disclosing that the Company had learned that
federal bank regulators identified concerns regarding
BancorpSouth's procedures, systems and processes in connection with
certain of its compliance programs, including its BSA and
anti-money-laundering programs.
On this news, shares of BancorpSouth fell $1.90, or over 8%, to close at $21.51 on July 22,
2014.
Request more information now by clicking here:
www.faruqilaw.com/BXS. There is no cost or obligation to
you.
Take Action
If you invested in BancorpSouth stock or
options between January 8, 2014 and
July 21, 2014 and would like to
discuss your legal rights, visit www.faruqilaw.com/BXS. You
can also contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding
BancorpSouth's conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
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(www.faruqilaw.com). Prior results do not guarantee or
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We welcome the opportunity to discuss your particular case.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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