NEW
YORK, June 7, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Texas Capital
Bancshares, Inc.:
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. A Bloomberg article published on November 16, 2021 detailed how Archegos built up
a previously undisclosed position equal to 20% of Texas Capital
prior to the margin calls that forced Archegos' liquidation.
According to the article, Texas Capital was aware of the large
position held by Archegos while it raised additional capital from
investors in February 2021.
Due to the forgoing, The Gross Law Firm is investigating
potential securities fraud claims on behalf of certain Texas
Capital investors. If you incurred a loss on your TCBI investment,
please contact us using the link below to discuss your rights.
https://securitiesclasslaw.com/securities/texas-capital-loss-submission-form/?id=40413&from=4
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/investigation-alert-the-gross-law-firm-notifies-shareholders-of-texas-capital-bancshares-inc-of-an-investigation-and-potential-class-action-lawsuit--nasdaq-tcbi-301844398.html
SOURCE The Gross Law Firm