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Case Status:    DISMISSED    
On or around 01/19/2017 (Court's order of dismissal)

Filing Date: November 09, 2016

According to the law firm press release, the lawsuit alleges that First Bancshares and members of the Company's board of directors violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rule 14a-9 promulgated by the U.S. Securities and Exchange Commission by issuing materially incomplete and misleading information in documents related to the Company's October 12, 2016 private placement (the "Private Placement") of mandatorily convertible non-cumulative, non-voting, perpetual Series E Preferred Stock with certain Company insiders, among others. The lawsuit is brought on behalf of all shareholders of First Bancshares who owned shares of the Company prior to October 12, 2016 announcement of the Private Placement.

Pursuant to a Stipulation by the parties, this case was ordered dismissed on January 18, 2017.


Sector: Financial
Industry: Regional Banks
Headquarters: United States


Ticker Symbol: FBMS
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: S.D. Mississippi
DOCKET #: 16-CV-00194
JUDGE: Hon. Keith Starrett
DATE FILED: 11/09/2016
CLASS PERIOD END: 10/12/2016
  1. Barrett Law Group, P.A.
  2. Don Barrett, PA
  3. Lifshitz & Miller
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available