DENVER, March 2, 2010 (GLOBE NEWSWIRE) -- The law firm of Dyer & Berens LLP (www.DyerBerens.com) announced today that it has initiated its own investigation concerning losses suffered by certain BancorpSouth, Inc. investors (NYSE:BXS).
On February 25, 2010, BancorpSouth announced a delay in the filing of its annual report because management had determined "that certain asset quality indicators, including the allowance for credit losses, and their impact on BancorpSouth's financial statements for the quarter ended December 31, 2009 should be further reviewed." It further stated that its financial statements for the quarter and year ended December 31, 2009 will be adjusted prior to issuance of its Form 10-K and that the adjustments are expected to decrease net income. On this news, the company's stock price plummeted more than 13%.
If you are a BancorpSouth shareholder and believe you were harmed by the conduct described above or have information relevant to the investigation, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362 or via email at jeff@dyerberens.com.
The law firm of Dyer & Berens LLP focuses on complex litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.