NEW YORK, July 22, 2014 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of BancorpSouth,
Inc. ("BancorpSouth" or the "Company") (NYSE: BXS). Such
investors are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
237.
The investigation concerns whether BancorpSouth and certain of
its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934.
On July 22, 2014, the Company
announced in a Securities and Exchange Commission ("SEC") filing
that BancorpSouth's acquisitions of a bank in Louisiana and one in Texas are being delayed because of federal
inquiries into BancorpSouth's practices.
According to the Associated Press (AP), "In a news release,
BancorpSouth said federal bank regulators have found problems with
its compliance with the Bank Secrecy Act and programs to fight
money laundering. BancorpSouth also said the federal Consumer
Financial Protection Bureau is reviewing the bank's fair lending
practices."
On this news, shares of BancorpSouth fell $1.81 per share to $21.60, or more than 7.71%, in intraday trading
on July 22, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San
Diego and Florida, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the
dean of the class action bar, the Pomerantz Firm pioneered the
field of securities class actions. Today, more than 70 years later,
the Pomerantz Firm continues in the tradition he established,
fighting for the rights of the victims of securities fraud,
breaches of fiduciary duty, and corporate misconduct. The Firm has
recovered numerous multimillion-dollar damages awards on behalf of
class members. See www.pomerantzlaw.com.
CONTACT:
Robert S.
Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
SOURCE Pomerantz LLP