On or around 10/10/2017 (Notice of voluntarily dismissal)
Filing Date: July 05, 2017
According to the Complaint, on April 24, 2017, the Board caused OCB to enter into an agreement and plan of merger with Sierra (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, stockholders of OCB will receive a number of shares of the common stock of Sierra equal to $14.00 per OCB common share, subject to certain adjustments.
On June 14, 2017, defendants filed a Form S-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
This case was voluntarily dismissed on October 10, 2017.
Company & Securities Information
Defendant: OCB Bancorp
Industry: Regional Banks
Headquarters: United States
Ticker Symbol: OJCB
Company Market: OTC-BB
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.