NEW YORK, May 20, 2023 (GLOBE NEWSWIRE) — WHY: The Law Firm of Rosen, a global investor rights law firm, continues to investigate potential securities claims on behalf of Texas Capital Bancshares, Inc. shareholders. TCBI This stems from allegations that Texas Capital may have provided materially misleading business information to the investing public.

SO WHAT: If you have purchased Texas Capital securities, you may be entitled to compensation without payment of out-of-pocket expenses or costs under a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the potential class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=2747 or call Phillip Kim, Esq. at. toll free at 866-767-3653 or by email pkim@rosenlegal.com or case@rosenlegal.com for class action information.

WHAT IS THIS ABOUT: On March 29, 2021, shares of Texas Capital fell 13% on unusually high trading volume as prime brokers associated with now-defunct family office Archegos Capital Management liquidated large U.S. equity positions associated with the fund.

A Bloomberg An article published on November 16, 2021 detailed how Archegos took a previously undisclosed 20% position in Texas Capital ahead of the margin calls that forced Archegos’ liquidation. According to the article, Texas Capital was aware of Archegos’ large position when it raised additional capital from investors in February 2021.

WHY ROSES LAW: We encourage investors to select qualified advisors with a proven track record in leadership positions. Companies that issue communications often lack comparable experience, resources, or significant peer recognition. Many of these firms do not conduct securities class actions. Be wise in choosing your advisor. The law firm of Rosen represents investors around the world and focuses its practice on securities class actions and shareholder derivatives actions. Rosen law firm has…