Texas Capital Bancshares, Inc. (TCBI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Texas Capital Bancshares, Inc. (“TCB” or the “Company”) (NASDAQ: TCBI). Investors who purchased TCB shares are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/tcb.
The investigation concerns whether TCB and certain of its officers and/or directors have violated federal securities laws.
On March 29, 2021, TCB’s stock price fell roughly 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management (“Archegos”), unwound large U.S. stock positions linked to the fund. Then, on November 16, 2021, Bloomberg published an article detailing how Archegos built up a previously undisclosed position equal to 20% of TCB prior to the margin calls that forced Archegos’s liquidation. According to the Bloomberg article, TCB was aware of the large position held by Archegos even while the Company raised additional capital from investors in February 2021.
If you are aware of any facts relating to this investigation or purchased TCB shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.