Horizon Bancorp, Inc. Investor Alert: Grabar Law Office Investigates Claims on Behalf of Shareholders of Horizon Bancorp, Inc. (HBNC)

Philadelphia, Pennsylvania--(Newsfile Corp. - August 30, 2023) - A recently filed securities fraud class action alleges that Horizon Bancorp, Inc. (NASDAQ: HBNC) made materially false and misleading statements about the Company's business, operations, and prospects, including those that relate to: (i) the Company maintained deficient internal accounting controls relating to its classification of certain loan balances and securities; (ii) as a result of the deficiencies, throughout 2022, the Company issued quarterly financial statements containing errors that would require subsequent revision; (iii) restatement of those 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.

Current Horizon Bancorp (NASDAQ: HBNC) shareholders who have held Horizon Bancorp stock since on or before March 9, 2022, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them.

If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/horizon-bancorp-shareholder-investigation/, contact us at jgrabar@grabarlaw.com, or call 267-507-6085.

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/179003