BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming August 22, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Arrow Financial Corporation (“Arrow” or the “Company”) (NASDAQ: AROW) securities between March 12, 2022 and May 12, 2023, inclusive (the “Class Period”).
“additional time to complete the assessment of the effectiveness of internal controls over financial reporting.”
Investors suffering losses on their Arrow investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On March 16, 2023, Arrow disclosed that it would be unable to file its 2022 annual report on time because the Company needed “additional time to complete the assessment of the effectiveness of internal controls over financial reporting.” On this news, Arrow’s stock price fell $0.99, or 3.6%, to close at $26.21 per share on March 17, 2023, thereby injuring investors.
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