NEW YORK,
May 12,
2023 /PRNewswire/ -- Jakubowitz Law announces that a
securities fraud class action lawsuit has commenced on behalf of
shareholders of Horizon Bancorp, Inc. (NASDAQ: HBNC).
To receive updates on the lawsuit, fill out
the
form:
https://claimyourloss.com/securities/horizon-class-action-loss-submission-form/?id=39279&from=4
The lawsuit seeks to recover losses for
shareholders who purchased Horizon between March 9, 2022 and March 10, 2023.
Shareholders interested in acting as a lead
plaintiff representing the class of wronged shareholders have until
June 20, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Horizon Bancorp,
Inc. issued materially false and/or misleading statements and/or
failed to disclose that: (i) the Company maintained deficient
internal accounting controls relating to its classification of
certain loan balances and securities; (ii) as a result of the
foregoing deficiencies, throughout 2022 the Company issued
quarterly financial statements containing errors that would require
subsequent revision; (iii) restatement of the foregoing financial
statements would hinder the Company's ability to timely file its
annual report for 2022; and (iv) as a result, the Company's public
statements were materially false and misleading at all relevant
times.
Jakubowitz Law is vigorous in pursuit of justice
for shareholders who have been the victim of securities fraud.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
View original
content:https://www.prnewswire.com/news-releases/hbnc-shareholder-alert-jakubowitz-law-reminds-horizon-shareholders-of-a-lead-plaintiff-deadline-of-june-20-2023-301822956.html
SOURCE Jakubowitz Law