INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Midland States Bancorp, Inc. - MSBI

04.02.25 21:05 Uhr

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NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Midland States Bancorp, Inc. ("Midland States Bancorp" or the "Company") (NASDAQ: MSBI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

Fighting for victims of securities fraud for more than 85 years (PRNewsfoto/Pomerantz LLP)

The investigation concerns whether Midland States Bancorp and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On January 23, 2025, Midland States Bancorp announced its financial results for the fourth quarter of 2024. Among other items, the Company reported a loss of $2.52 per diluted share, falling short of the Zacks Consensus Estimate of $0.70 and representing a significant year-over-year decline from earnings of $0.89 per share in the fourth quarter of 2023. 

On this news, Midland States Bancorp's stock price fell $5.00 per share, or 20%, to close at $20.00 per share on January 24, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP

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