On or around 10/23/2017 (Other)
Filing Date: August 09, 2017
According to the Complaint, on December 14, 2016, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which the Company’s shareholders stand to receive 0.3903 shares of Simmons common stock and $5.11 in cash for each share of Southwest stock they own (the “Merger Consideration”).
The Complaint alleges that on July 24, 2017, in order to convince Southwest shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Form S-4 Registration Statement (the “S-4”)1 with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act
On October 19, 2017, this case was voluntarily dismissed pursuant to a Stipulation by the parties.
Company & Securities Information
Defendant: Southwest Bancorp Inc.
Industry: Regional Banks
Headquarters: United States
Ticker Symbol: OKSB
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
David Bergman, et al. v. Southwest Bancorp Inc., et al.