September 26, 2022
An Arkansas federal judge has granted final approval to a $45 million settlement that ends a lawsuit accusing Bank OZK of misleading investors about the health of two real estate loans and awarded the lead plaintiff's counsel, Robbins Geller Rudman & Dowd LLP, $11 million plus expenses for working toward a "well-above-average" settlement.
May 24, 2022
A class of investors led by a U.K. pension fund has urged an Arkansas federal court to give its initial approval to a $45 million deal to resolve claims that Bank OZK misled investors about the health of two real estate loans that purportedly had losses of $45.5 million.