NEW YORK, April 9, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors from Texas Capital Bancshares, Inc. (“Texas Capital” or the “Company”) TCBI. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Texas Capital and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On March 29, 2021, Texas Capital’s stock price fell 13% due to the large-scale sale of shares by prime brokers associated with now-defunct family office Archegos Capital Management (“Archegos”). A Bloomberg The article published on November 16, 2021 revealed that Archegos had built a 20% position in Texas Capital ahead of the margin calls that led to its liquidation. The article also reported that Texas Capital was aware of Archegos’ large position when it raised additional capital from investors in February 2021.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:

Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980