San Diego, CA -- (SBWire) -- 09/20/2023 --Certain directors of Texas Capital Bancshares, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Texas Capital Bancshares directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dallas, TX based Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Texas Capital Bancshares, Inc. reported that its annual Total Revenue rose from $879.3 million in 2021 to $976.76 million in 2022, and that its Net Income increased from $253.93 million in 2021 to $332.47 million in 2022.
On March, 29, 2021, shares of Texas Capital stock dropped 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management, unwound large U.S. stock positions linked to the fund.
Shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) declined from $69.27 per share on February 03, 2023, to $47.11 per share on April 05, 2023.
Those who purchased shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) 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
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:TCBI Shareholder Notice: Investigation over Potential Wrongdoing at Texas Capital Bancshares, Inc.
An investigation on behalf of investors in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) shares over potential wrongdoing at Texas Capital Bancshares, Inc. was announced.