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Case Status:    SETTLED
On or around 02/02/2017 (Date of order of final judgment)

Filing Date: February 26, 2016

According to the Complaint, on January 26, 2016, FirstMerit announced that it had entered into a definitive merger agreement (the "Merger Agreement"), pursuant to which Merger Sub will merge with and into FirstMerit, with the Company surviving and thereafter merging with and into Huntington, with Huntington surviving the Proposed Transaction. Pursuant to the terms of the Merger Agreement, FirstMerit stockholders will receive 1.72 shares of Huntington common stock and $5 per share in cash for each share of FirstMerit common stock that they own (collectively, the "Merger Consideration"). The Merger Consideration does not include a collar.

The Complaint alleges the Proposed Transaction is the result of a flawed and unfair process marred by conflicts of interest, not the least of which is that the Company’s Chairman of the Board, President, and Chief Executive Officer (“CEO”) and several of the Company’s directors stand to make millions in connection with the Proposed Transaction .

On September 28, 2016, the parties filed a Stipulation of Settlement. Preliminary approval was granted on October 31. Final approval was granted February 2.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: FMER
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 #: 16-CV-00461
JUDGE: Hon. Benita Y. Pearson
DATE FILED: 02/26/2016
CLASS PERIOD START: 01/26/2016
CLASS PERIOD END: 02/26/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kahn Swick & Foti, LLC (Madisonville)
    206 Covington Street, Kahn Swick & Foti, LLC (Madisonville), LA 70447
    (504) 455-1400 (504) 455-1498 ·
  2. Perantinides & Nolan
    300 Courtyard Square 80 South Summit Street , Perantinides & Nolan , OH 44308
    330-253-5454 330-253-6524 ·
No Document Title Filing Date
COURT: N.D. Ohio
DOCKET #: 16-CV-00461
JUDGE: Hon. Benita Y. Pearson
DATE FILED: 04/04/2016
CLASS PERIOD START: 01/26/2016
CLASS PERIOD END: 02/26/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kahn Swick & Foti, LLC (Madisonville)
    206 Covington Street, Kahn Swick & Foti, LLC (Madisonville), LA 70447
    (504) 455-1400 (504) 455-1498 ·
  2. Perantinides & Nolan
    300 Courtyard Square 80 South Summit Street , Perantinides & Nolan , OH 44308
    330-253-5454 330-253-6524 ·
No Document Title Filing Date