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Heritage Oaks Bancorp

Case Summary

Heritage Oaks Bancorp Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 06/07/2017 (Notice of voluntarily dismissal)

Filing Date: March 10, 2017

According to the Complaint, on December 12, 2016, the Board caused Heritage to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, stockholders of Heritage will receive 0.3471 shares of Pacific for each share of Heritage they own.

On February 28, 2017, defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on June 7, 2017.

Company & Securities Information

Defendant: Heritage Oaks Bancorp

COMPANY INFORMATION:

Sector: Financial
Industry: Money Center Banks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HEOP
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.

First Identified Complaint

Paul Parshall, et al. v. Heritage Oaks Bancorp, et al.

COURT: C.D. California
DOCKET #: 17-CV-01939
JUDGE: Hon. Stephen V. Wilson
DATE FILED: 03/10/2017
CLASS PERIOD START: 12/13/2016
CLASS PERIOD END: 03/10/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  2. RM Law, P.C.
    1055 Westlakes Drive, Suite 3112, RM Law, P.C., PA 19312
    (484) 324-6800 ·
  3. WeissLaw LLP (Beverly Hills)

    ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Securities Exchange Act of 1934 03/10/2017
2 Plaintiff's Notice of Voluntary Dismissal 06/07/2017
3 U.S. District Court Civil Docket 06/07/2017
 
 

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