BancorpSouth Investor Action Over Stock Inflation Survives

Law360, New York (January 24, 2012, 5:29 PM EST) -- A Tennessee federal judge on Tuesday refused to toss a shareholder's putative class action against BancorpSouth Inc. claiming the company and its executives hid details about its hemorrhaging loan portfolio with false financial statements that artificially inflated its stock price.

U.S. District Judge Kevin H. Sharp agreed with a magistrate judge's assessment that plaintiff Edward Winslow had pleaded enough facts to counter BancorpSouth's motion to dismiss the case.

The factual allegations in the complaint, if true, “allow the court to draw the necessary inference that defendants...
To view the full article, register now.




Case Information

Case Title

Winslow v. Bancorpsouth, Inc. et al

Case Number



Tennessee Middle

Nature of Suit



Kevin H. Sharp

Date Filed

May 11, 2010

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.