#USA #New York #Class Action #Pomerantz Law Firm #Live Oak Bancshares

Pomerantz Law Firm Investigates Live Oak Bancshares, Inc. (LOB)

Recently, Pomerantz LLP, a distinguished law firm known for its specialized work in corporate and securities class action litigation, announced the launch of an investigation on behalf of investors in Live Oak Bancshares, Inc. This investigation comes in light of serious allegations surrounding the company's financial reporting practices.

The legal inquiry is aimed at determining whether Live Oak, along with specific officers and directors, has possibly committed securities fraud or engaged in other unlawful business conduct. This investigation is particularly vital for the affected investors who may have suffered losses due to the company's actions.

In a recent filing with the U.S. Securities and Exchange Commission (SEC), Live Oak disclosed that it intends to amend its 2024 Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q for the quarterly periods ending March 31, 2025, and June 30, 2025. The company admitted to needing to restate its Consolidated Financial Statements for these periods to correct errors identified in the classification of cash flows. These misclassifications involve proceeds from the sale of loan participations and related disclosures concerning non-cash operating, investing, and financing activities associated with these loans.

Live Oak expressed that due to the magnitude of these misclassifications, they are deemed material, implying that they've significantly impacted their financial integrity. Furthermore, the company acknowledged the existence of a material weakness in its internal controls over financial reporting, signaling a serious lapse in overseeing its financial processes effectively. Consequently, the firm has advised investors that previous statements regarding their financial performance for the periods in question should not be considered reliable.

This troubling news precipitated a direct impact on Live Oak's stock value, which saw a decline of $0.80 per share, equating to a drop of approximately 2.49%, with shares closing at $31.29 on November 13, 2025. For investors, this situation necessitates a thorough examination of their potential claims and losses, prompting many to consider joining the class action for recourse.

Pomerantz LLP, with its esteemed history established by the late Abraham L. Pomerantz, has been at the forefront of championing the rights of investors for over 85 years. The firm has built a commendable reputation, recovering substantial damages for victims of securities fraud, breaches of fiduciary duty, and corporate misconduct.

Investors in Live Oak Bancshares are strongly encouraged to reach out to Danielle Peyton at Pomerantz LLP via email at [email protected] or by phone at 646-581-9980, ext. 7980, to discuss their rights and options amid this current investigation. As the situation unfolds, potential claimants may find it beneficial to stay informed and engaged with the ongoing developments regarding Live Oak's financial disclosures and the implications for their investments.

For more information on this investigation and to explore the possibility of joining the class action, interested investors can visit Pomerantz’s website.

In summary, this investigation underscores the importance of corporate governance and the critical role of transparency in financial reporting. Investors must remain vigilant and exercise due diligence when managing their investments—especially in volatile markets where fluctuations can stem from lapses in corporate oversight and disclosures.