1. Purcell & Lefkowitz LLP investigates Old Second Bancorp for possible fiduciary breaches. 2. The investigation targets actions by OSBC's directors affecting shareholder rights. 3. Shareholders may seek more information on their rights at a dedicated website.
Investigations into fiduciary duties can lead to declining share prices, as seen previously during corporate misconduct cases. Historical examples include firms that faced substantial legal scrutinies which negatively affected their market reputations and stock values.
The article directly addresses potential legal consequences for OSBC, which is critical for investor sentiment and stock price. Active shareholder investigations can significantly impact company operations and future profitability.
Legal investigations tend to have immediate effects on stock performance, often reflected quickly in pricing. Similar past incidents often resulted in swift reactions from investors and markets.