NASDAQ:EGBN Shareholder Notice: Investigation over Potential Wrongdoing at Eagle Bancorp

By , in PR PR California on .

San Diego, CA — 02/06/2018 — An investigation was announced for investors in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) was announced over potential breaches of fiduciary duties by certain officers and directors at Eagle Bancorp.

Investors who purchased shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) and currently hold any of those NASDAQ:EGBN shares have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

The investigation by a law firm concerns whether certain Eagle Bancorp officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On December 1, 2017, Aurelius Value reported that it had uncovered evidence of an insider loan scheme involving the Chairman and CEO of Eagle Bancorp, Ronald D. Paul and other Board Members. The report stated that “insiders treat Eagle as their own private piggy bank”, and continued to describe how Company insiders benefit by allocating undisclosed special deals where the Company's management benefits personally from a customer relationship.

Those who purchased shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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