Horizon Bancorp, Inc.
A securities class action has been filed in the USDC – E.D.N.Y. against Horizon Bancorp, Inc. (HBNC) (“Horizon” or the “Company”) on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Horizon securities between March 9, 2022 through March 10, 2023.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
- the Company maintained deficient internal accounting controls relating to its classification of certain loan balances and securities;
- as a result of the foregoing deficiencies, throughout 2022 the Company issued quarterly financial statements containing errors that would require subsequent revision;
- restatement of the foregoing financial statements would hinder the Company’s ability to timely file its annual report for 2022; and
- as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you purchased Horizon securities during the Class Period and would like to receive more information or join the action, please enter your contact information below and click “Submit Your Information”.
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