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).
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 Bancorp's shares plummeted.
KSF's investigation is focusing on whether Eagle Bancorp and/or its officers and directors violated state or federal securities laws.
If you are an Eagle Bancorp shareholder and have suffered losses, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit http://ksfcounsel.com/cases/nasdaqcm-egbn/ to learn more.
About Kahn Swick & Foti, LLC
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. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
View original content with multimedia:http://www.prnewswire.com/news-releases/eagle-bancorp-investigation-initiated-by-former-louisiana-attorney-general--kahn-swick--foti-llc-investigates-eagle-bancorp-inc-for-possible-securities-fraud---egbn-300569115.html
SOURCE Kahn Swick & Foti, LLC