SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

May 16, 2016 14:58 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of First NBC Bank Holding Company of Class Action Lawsuit and a Lead Plaintiff Deadline of July 5, 2016 -- FNBC

NEW YORK, NY--(Marketwired - May 16, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of First NBC Bank Holding Company ("First NBC" or "the Company") (NASDAQ: FNBCbetween May 10, 2013 and April 8, 2016. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Eastern District of Louisiana. To get more information go to:

http://www.zlk.com/pslra/first-nbc-bank-holding

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the Class Period, defendants issued materially false and/or misleading statements and/or failed to disclose adverse facts regarding First NBC's business and financial results, particularly in regards to improper accounting.

On February 1, 2016, First NBC announced disappointing fourth quarter and fiscal year 2015 earnings based largely on an $8.2 million tax credit impairment. Then on March 16, 2016, the Company announced the discovery of errors in its accounting for its Federal and State Historic Rehabilition tax credit entities. Then on April 8, 2016, First NBC announced it would be forced to restate its consolidated financial statements for fiscal 2014, 2013, 2012, and 2011, including all interim periods within fiscal years 2015, 2014, and 2013, and that its financial statements for fiscal years 2011 through 2015 could no longer be relied upon.

If you suffered a loss in First NBC you have until July 5, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com