NEW YORK, Feb. 18, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Texas Capital Bancshares, Inc. TCBI following allegations that Texas Capital disclosed potentially 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 through 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 prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=2747 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

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 unwound large U.S. equity positions associated with the fund.

A Bloomberg The article, published on November 16, 2021, details how Archegos built 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 track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Many of these firms do not conduct securities class action lawsuits. Be wise in choosing a lawyer. The Rosen Law Firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. The law firm Rosen has made it…