Grabar Law Office Investigates Claims on Behalf of Shareholders of Bank OZK (OZK)

Philadelphia, Pennsylvania--(Newsfile Corp. - February 24, 2023) - Grabar Law Office is investigating claims on behalf of current long-term shareholders of Bank OZK OZK on behalf of current long-term shareholders with respect to potential breaches of fiduciary duties owed to the Company by certain officers and directors of Bank OZK. A class action complaint has alleged that certain Bank OZK officers made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Company, through its officers, failed to disclose to investors: (1) that the Company lacked adequate internal controls to assess credit risk; (2) that, as a result, certain of the Company's loans posed an increased risk of loss; (3) that certain substandard loans were reasonably likely to lead to charge-offs; and (4) that, as a result of the foregoing, positive statements corporate representatives made about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Current log-term shareholders who have held Bank OZK stock since before February 19, 2016, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them.

If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/bank-ozk-shareholder-investigation/, contact us at jgrabar@grabarlaw.com, or call Joshua Grabar at 267-507-6085.

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156087