EAGLE BANCORP INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Eagle Bancorp, Inc. for Possible Securities Fraud - (EGBN)
Summary
On December 1, 2017, it was reported by Aurelius Value that evidence of an insider loan scheme involving the Chairman and CEO of Eagle Bancorp, Ronald D. Paul and other Board Members had been discovered, that "insiders treat Eagle as their own private piggy bank" and that the Company insiders benefited from undisclosed transactions.On this news, the price of Eagle Bancorps shares plummeted.KSFs investigation is focusing on whether Eagle Bancorp and/or its officers and directors violated state or federal securities laws.KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders.Related Links NEW ORLEANS, Dec. 8, 2017 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Eagle Bancorp, Inc. (NasdaqCM: EGBN).