On or around 12/14/2017 (Court's order of dismissal)
Filing Date: November 29, 2017
According to the Complaint, this action stems from a proposed transaction announced on July 26, 2017 (the "Proposed Transaction"), pursuant to which USAmeriBancorp, Inc. ("USAmeriBancorp" or the "Company") will be acquired by Valley National Bancorp ("Valley").
The Complaint alleges that Defendants issued materially incomplete disclosures in the Form S-4 Registration Statement filed with the United States Securities and Exchange commission (the "SEC") on September 29, 2017 and amended on October 27, 2017 (as amended, the "Registration Statement") in connection with the Proposed transaction.
This case was voluntarily dismissed on December 12, 2017.
Company & Securities Information
Defendant: USAmeriBancorp, Inc.
Industry: Regional Banks
Headquarters: United States
Ticker Symbol: USAB
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.
First Identified Complaint
Paul Parshall, et al. v. USAmeriBancorp, Inc., et al.