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In re Horizon Bancorp, Inc. Sec. Litig.
Case Number:
1:23-cv-02961
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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November 27, 2023
Horizon Bank Says Investor Suit Omits Relevant Market Info
Horizon Bancorp Inc. wants to dismiss a suit accusing it of artificially inflating its shares by making false and misleading representations about its financial controls, saying among other things the plaintiff omits key information about market conditions during the suit's relevant period, which overlaps with the collapse of Silicon Valley Bank.
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April 24, 2023
Banking Co. Hid Financial Errors From Investors, Suit Claims
A proposed class of investors claim in a lawsuit that bank holding company Horizon Bancorp Inc. made false and misleading representations about its finances, causing its publicly traded shares to be artificially inflated based on financial miscalculations.