On or around 02/21/2018 (Court's order of dismissal)
Filing Date: September 07, 2017
According to the Complaint, on May 19, 2017, Xenith’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Union.
On August 16, 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 that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
On November 6, 2017, Plaintiff filed a Notice voluntarily dismissing this action. A related case filed under Docket 17-CV-00629 continues.
On December 8, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. This case was voluntarily dismissed on February 20, 2018.
Company & Securities Information
Defendant: Xenith Bankshares, Inc.
Industry: Regional Banks
Headquarters: United States
Ticker Symbol: XBKS
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. Xenith Bankshares, Inc., et al.