Faruqi & Faruqi, LLP Investigates Potential Wrongdoing At Tennessee Commerce Bancorp, Inc. (TNCC) And Its August 2010 Stock O...
26 Maio 2011 - 12:45PM
Business Wire
Faruqi & Faruqi, LLP, a national law firm concentrating on
investor rights, consumer rights and enforcement of federal
antitrust laws, is investigating potential wrongdoing at Tennessee
Commerce Bancorp, Inc. (“TNCC” or the “Company”) (NasdaqGM: TNCC).
Faruqi & Faruqi, LLP seeks to determine whether TNCC and its
investment bankers Macquarie Capital, Sterne Agee, FIG Partners,
LLC and Odeon Capital Group LLC have violated the federal
securities laws in connection with TNCC’s August 2010 stock
offering of 5,750,000 shares at $4.00 per share.
Request more information now by clicking here:
www.faruqilaw.com/TNCC
Specifically, the investigation concerns a March 17, 2011 report
issued by the Federal Deposit Insurance Corporation (“FDIC”) and
the Tennessee Department of Financial Institutions (“TDFI”),
wherein the FDIC and the TDFI concluded that the Company needs to
restate its financial statements for the quarters ended December
31, 2009, March 31, 2010 and June 30, 2010 due to the Company’s
inadequate allowance for loan and lease losses.
Take Action
If you purchased TNCC securities in the Company’s August 2010
stock offering from TNCC’s investments bankers Macquarie Capital,
Sterne Agee, FIG Partners, LLC and Odeon Capital Group LLC and you
would like to discuss your legal rights, visit
www.faruqilaw.com/TNCC. You can also contact us by calling Anthony
Vozzolo toll free at 877-247-4292 or at 212-983-9330 or by sending
an e-mail to avozzolo@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding TNCC’s conduct during
the period in question to contact the firm, including
whistleblowers, former employees, shareholders and others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a national law firm, representing
investors, consumers and companies in the prosecution of claims
under state corporate and consumer laws and the federal securities
and antitrust laws. The firm is focused on providing exemplary
legal services in complex litigation. Founded in 1995, the firm
maintains its principal office in New York City, with offices in
Delaware, California, Florida and Pennsylvania. The lawyers at
Faruqi & Faruqi, LLP have demonstrated a clear commitment to
championing the rights of shareholders and consumers
nationwide.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Tennessee Commerce Bancorp (TN) (MM) (NASDAQ:TNCC)
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