TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

LOB Investors Have Opportunity to Join Live Oak Bancshares, Inc. Fraud Investigation with the Schall Law Firm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Schall Law Firm
LOB Investors Have Opportunity to Join Live Oak Bancshares, Inc. Fraud Investigation with the Schall Law Firm

Live Oak Bancshares disclosed it will restate financial statements due to material misclassification of cash flow activities, leading to potential securities law violations and a drop in share price.

Insights
CVS   positive

Stock up 74% this year, strong Q3 earnings across multiple business units, 3.4% dividend yield, and diversified healthcare services


LOB   negative

Company admitted to material financial reporting errors, necessitating restatement of financial statements, which suggests potential accounting irregularities and triggered a decline in stock price