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Horizon Bancorp Execs Sued Over Financial Misstatements

By Sydney Price (August 29, 2023, 4:49 PM EDT) -- An investor in bank holding company Horizon Bancorp has alleged in a derivative suit that the bank's top brass revealed there were weaknesses in the company's internal financial controls that caused it to overstate income and expenses by $1.5 million in financial statements last year, which led to a decline in stock price when the error was eventually disclosed....

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