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Stanford Law School Securities Class Action Clearinghouse a Collaboration with Cornerstone Research

Case Page

 

USAmeriBancorp, Inc.

Case Summary

USAmeriBancorp, Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED  
—On or around 12/14/2017 (Court's order of dismissal)
Current/Last Presiding Judge:  
Hon. Steven D. Merryday

Filing Date: November 29, 2017

USAmeriBancorp, Inc. is a holding company for USAmeriBank, a bank in Florida with 29 branches.

According to the Complaint, this action stems from a Proposed Transaction announced on July 26, 2017, pursuant to which USAmeriBancorp will be acquired by Valley National Bancorp.

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 on September 29, 2017 and amended on October 27, 2017 in connection with the Proposed Transaction.

This case was voluntarily dismissed on December 12, 2017.

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