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Case Status:    ONGOING    
On or around 07/18/2017 (Ongoing date of last review)

Filing Date: July 17, 2017

According to the Complaint, on May 4, 2017, Capital Bank issued a press release announcing it had entered into an Agreement and Plan of Merger (the "Merger Agreement") with First Horizon.

On June 29, 2017, First Horizon and Capital Bank filed a Registration Statement on Form S-4 (the "Registration Statement"), with the SEC. The Complaint alleges the Registration Statement, which recommends that Capital Bank stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) the Company's and First Horizon's financial projections, utilized by one of the Company's financial advisors, Sandler O'Neill & Partners LLC ("Sandler"), in its financial analyses; (ii) the valuation analyses prepared by Sandler in connection with the rendering of its fairness opinion; and (iii) the background process leading up to the Proposed Transaction.


Sector: Financial
Industry: Regional Banks
Headquarters: United States


Ticker Symbol: CBF
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: W.D. North Carolina
DOCKET #: 17-CV-00422
JUDGE: Hon. Max O. Cogburn, Jr
DATE FILED: 07/17/2017
CLASS PERIOD END: 07/17/2017
  1. Ward Black Law
    208 W. Wendover Avenue, Ward Black Law, NC 27401
    336.333.2244 336.379.9415 ·
  2. WeissLaw LLP
    551 Fifth Avenue, Suite 1600, WeissLaw LLP, NY 10176
    212.682.3025 212.682-3010 ·
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