July 09, 2012
BancorpSouth Inc. agreed Monday to pay $29.3 million to resolve a putative shareholder class action that alleged the company hid details about its hemorrhaging loan portfolio with false financial statements that artificially inflated its stock price.
January 24, 2012
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.