On or around 08/05/2016 (Ongoing date of last review)
Filing Date: August 04, 2016
According to the Complaint, on June 26, 2016, Suffolk’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”), pursuant to which public stockholders of Suffolk will receive 2.225 shares of People’s United common stock for each share of Suffolk common stock they own.
The Complaint alleges on July 22, 2016, defendants issued materially incomplete and misleading disclosures in the Form S-4 Registration Statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Registration Statement is deficient and misleading in that it fails to provide adequate disclosure of all material information related to the Proposed Transaction.
Company & Securities Information
Defendant: Suffolk Bancorp
Industry: Money Center Banks
Headquarters: United States
Ticker Symbol: SCNB
Company Market: New York SE
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.
First Identified Complaint
Paul Parshall, et al. v. Suffolk Bancorp, et al.
COURT: E.D. New York
DOCKET #: 16-CV-04367
JUDGE: Hon. Dora Lizette Irizarry
DATE FILED: 08/04/2016
CLASS PERIOD START: 06/27/2016
CLASS PERIOD END: 08/04/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Garden City) 585 Stewart Avenue, Suite 304, Rigrodsky & Long, P.A. (Garden City), NY 11530 (516) 683-3516 ·
Ryan & Maniskas, LLP 995 Old Eagle School Rd., Ste. 311, Ryan & Maniskas, LLP, PA 19087 (484) 588-5516 (484) 450-2582 ·
First Identified Complaint (FIC) Filings:
Complaint For Violation Of Sections 14(A) And 20(A) Of The Securities Exchange Act Of 1934