On or around 07/31/2018 (Court's order of dismissal)
Filing Date: March 27, 2018
According to the Complaint, this action stems from a proposed transaction announced on January 18, 2018 (the "Proposed Transaction"), pursuant to which Jacksonville Bancorp, Inc. ("Jacksonville" or the "Company") will be acquired by CNB Bank Shares, Inc. ("CNB") and its wholly-owned subsidiary, CNB Acquisition, Inc. ("Merger Sub").
On March 6, 2018, Defendants filed a preliminary proxy statement (the "Proxy Statement") with the United States Securities and Exchange Commission ("SEC") in connection with the Proposed Transaction.
The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on July 30, 2018.
Company & Securities Information
Defendant: Jacksonville Bancorp, Inc.
Industry: S&Ls/Savings Banks
Headquarters: United States
Ticker Symbol: JXSB
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. Jacksonville Bancorp, Inc., et al.
COURT: D. Maryland
DOCKET #: 18-CV-00889
JUDGE: Hon. Richard D. Bennett
DATE FILED: 03/27/2018
CLASS PERIOD START: 01/18/2018
CLASS PERIOD END: 03/27/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Goldman & Minton, P.C. 1500 Union Ave, Suite 2300, Goldman & Minton, P.C., MA 21211 410-783-7575 ·