BancorpSouth Shareholders File Securities Fraud Class Action Lawsuit Against Bancorp South Over Alleged Failure To Disclose Delinquent Commercial RE & Construction & Land Loans.
A securities fraud class action lawsuit was filed against BancorpSouth, Inc. (BXS) in the U.S. District Court for the Middle District of Tennessee on behalf of those of purchased or otherwise acquired shares of BancorpSouth (BXS) common stock during the period between July 23, 2009 through and including February 25, 2010 (the “Class Period”), alleging that Bancorp South violated federal securities fraud laws, including the Securities Exchange Act of 1934, by, among other things, failing to disclose the extent of delinquent commercial real estate and construction and land loans, according to securities fraud class action lawsuit news reports.
If You Have Thoughts On The BancorpSouth Securities Fraud Class Action Lawsuit, Share Your Class Action Comments Below.
Bancorp South needs to be sued over the sloppy way they handle peoples home mortgages. If you ask for an extension, you’ll end up with foreclosure. This is what happen to me. I asked for an extension in Dec. 2009, so that I could take care of some business accounts. A year later they have me in foreclosure. I did not ask a year ago to have my house taken from me and make me homeless. I asked for an extension on my loan. I was told that I would have to not pay my loan for one month, so I did. Then all the sudden I am in another part of the bank called Loss mitigate. This is the last resort. How can one bank representative make a mistake like this is beyond me. Bancorp South deliberately did not send me required paperwork in one package. There was always one page missing. I can’t sign something I do not have. This bank has caused me alot of pain and financial problems.
Penny, please contact me, Bancorpsouth has dealt very harshly with my mother as well. We need to take action against them in a class action lawsuit.
Bancorpsouth had me have a cosigner for a 95k home loan 15yr after Hurricane Katrina they gave me a credit card,home equity line, and another 195,000 15yr home loan totally over 300,000 in home loans and I was making 40k a year, sold first home and of course lost the second and If I was thinking right I would of known I could not afford it but now thinking about it I cannot get a loan for 2k,credit is shot and why did they give me that.Plus it jumped from 1200 a month to 1600 a month just note,not insurance,taxes,etc…What kind of practice is that.
Gruich vs bancorpsouth