Recent Security Class Actions

Horizon Bancorp Inc. Common Stock (NASDAQ: HBNC)

Company Name:Horizon Bancorp Inc. Common Stock
Stock Symbol:NASDAQ: HBNC
Class Period Start:03/09/2022
Class Period End (inclusive):03/10/2023
Filing Deadline:06/19/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient internal accounting controls relating to its classification of certain loan balances and securities; (ii) as a result of the foregoing deficiencies, throughout 2022 the Company issued quarterly financial statements containing errors that would require subsequent revision; (iii) restatement of the foregoing financial statements would hinder the Company’s ability to timely file its annual report for 2022; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.