EGBN CLASS ACTION ALERT: Bernstein Liebhard LLP Announces That a Securities Class Action Lawsuit has Been Filed Against Eagle Bancorp Inc.

NEW YORK, July 25, 2019

If you purchased Eagle Bancorp securities, and/or would like to discuss your legal rights and options please visit Eagle Bancorp Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

According to the lawsuit, the Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Eagle Bancorp's internal controls and procedures and compliance policies were inadequate; (ii) the foregoing shortcoming created a foreseeable risk of heightened regulatory scrutiny and the need for the Company to undertake its own internal investigations; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

On July 17, 2019, Eagle Bancorp disclosed rising legal costs from ongoing internal and government investigations of "the Company's identification, classification and disclosure of related party transactions; the retirement of certain former officers and directors; and the relationship of the Company and certain of its former officers and directors with a local public official."

On this news, Eagle Bancorp's stock price fell $14.30 per share, or 26.75%, to close at $39.15 per share on July 18, 2019.

If you purchased EGBN securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/eaglebancorpinc-egbn-shareholder-class-action-lawsuit-fraud-stock-158/https://www.bernlieb.com/cases/eaglebancorpinc-egbn-shareholder-class-action-lawsuit-fraud-stock-158/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.