Zions Bancorporation(US:ZION) Globenewswire·2025-10-23 21:00Core Viewpoint - Zions Bancorporation is under investigation for potential violations of federal securities laws following the disclosure of misrepresentations and defaults by borrowers, leading to significant financial implications for the company and its investors [1][2]. Financial Impact - On October 15, 2025, Zions Bancorporation announced it would take a provision for approximately $60 million outstanding under two commercial loans and charge off $50 million of that amount due to identified misrepresentations and defaults [2]. - Following this announcement, Zions' stock price dropped by $7.10, or 13.14%, closing at $46.93 on October 16, 2025, which negatively affected investors [2]. Legal Context - Glancy Prongay & Murray LLP is leading the investigation on behalf of Zions investors, focusing on the potential recovery of losses incurred due to the company's disclosures [1][2]. - The law firm encourages individuals with non-public information regarding Zions to consider participating in the SEC Whistleblower Program, which offers rewards for original information leading to successful recoveries [4]. About the Law Firm - Glancy Prongay & Murray LLP is recognized for its expertise in securities litigation and has a strong track record in recovering funds for investors, having been ranked among the top law firms in securities class action settlements [5][6]. - The firm has nearly 40 attorneys and has successfully handled a wide range of corporate misconduct cases across various industries [6].