Investigation Overview
Company
Security
NASDAQ: CACB
Summary
December 7, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Cascade Bancorp (NASDAQ:CACB) was announced over potential breaches of fiduciary duties by certain officers and directors at Cascade Bancorp.
The investigation by a law firm concerns whether certain Cascade Bancorp officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Bend, OR based Cascade Bancorp is a United States-based bank holding company. Shares of Cascade Bancorp (NASDAQ:CACB) grew from $4.25 per share in early 2015 to as high as $7.73 per share in December 7, 2016.