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Case Status:    DISMISSED    
On or around 09/09/2013 (Date of order of final judgment)

Filing Date: July 24, 2013

According to the Complaint, this putative class action arises out of the proposed merger (the “Merger”) between PVF Capital Corp. (“PVF Capital” or the “Company”), the Solon, Ohio-based parent and holding company of Park View Federal Savings Bank (“Park View Federal”), and F.N.B. Corporation (“FNB”), pursuant to which FNB, plans to acquire all of the outstanding shares of PVF Capital in an all-stock transaction worth approximately $106 million.

The Complaint alleges that on June 28, 2013, FNB filed a Form S-4 Registration Statement , which also serves as PVF Capital’s preliminary proxy statement (the “Proxy Statement”), that misrepresents and omits material
information that PVF Capital’s shareholders need in order to make a fully informed decision whether to vote for or against the Merger. Specifically, Defendants failed to disclose key information regarding (a) PVF Capital’s long-term prospects, (b) the financial analyses supporting the Merger consideration performed by the Board’s financial advisor, (c) information concerning the process leading up to the announcement of the proposed Merger, and (d) conflicts of interest affecting both the Board and its financial advisor.

An amended complaint was filed on August 2, 2013.

On September 9, 2013, the Court granted Defendants' Motion to Dismiss and entered judgment in favor of Defendants.


Sector: Financial
Industry: S&Ls/Savings Banks
Headquarters: United States


Ticker Symbol: PVFC
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Ohio
DOCKET #: 13-CV-01606
JUDGE: Hon. Patricia A. Gaughan
DATE FILED: 07/24/2013
CLASS PERIOD END: 07/24/2013
  1. Cohen Rosenthal & Kramer, LLP
  2. Levi & Korsinsky, LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available