NEW YORK, Dec.1, 2016 /PRNewswire/ -- Lifshitz & Miller, a securities class action law firm focused on representing shareholders nationwide, announces that on November 9, 2016, Lifshitz & Miller filed a securities class action lawsuit on behalf of shareholders of The First Bancshares, Inc. (FBMS) ("First Bancshares" or the "Company") for possible corporate misconduct and violations of federal securities laws in the U.S. District Court for the Southern District of Mississippi, Case No. 2:16-cv-194-KS-MTP.
A copy of the complaint is available from the Court or from Lifshitz & Miller. If you are a First Bancshares investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516) 493-9780 or e-mail at email@example.com.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that First Bancshares and members of the Company's board of directors violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rule 14a-9 promulgated by the U.S. Securities and Exchange Commission by issuing materially incomplete and misleading information in documents related to the Company's October 12, 2016 private placement (the "Private Placement") of mandatorily convertible non-cumulative, non-voting, perpetual Series E Preferred Stock with certain Company insiders, among others. The lawsuit is brought on behalf of all shareholders of First Bancshares who owned shares of the Company prior to October 12, 2016 announcement of the Private Placement.
Lead plaintiff deadline is January 30, 2017.
Lifshitz & Miller has extensive experience representing investors in the prosecution of securities class actions and shareholder derivative litigation in state and federal courts across the country.
ATTORNEY ADVERTISING. © 2016 Lifshitz & Miller. The law firm responsible for this advertisement is Lifshitz & Miller, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516)493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Joshua M. Lifshitz, Esq.
Lifshitz & Miller
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SOURCE Lifshitz & Miller Law Firm