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Case Status:    DISMISSED    
On or around 10/22/2018 (Other)

Filing Date: August 22, 2018

According to the Complaint, Guaranty Bancorp ("Guaranty" or the "Company") is a financial services company that operates as the bank holding company for Guaranty Bank and Trust Company, a premier Colorado community bank.

This action stems from a proposed transaction announced on May 22, 2018 (the “Proposed Transaction”), pursuant to which Guaranty will be acquired by Independent Bank Group, Inc. (“Independent”).

On May 22, 2018, Guaranty’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 Independent. Pursuant to the terms of the Merger Agreement, if the merger is completed, Guaranty stockholders will receive 0.45 shares of Independent common stock for each share of Guaranty common stock they own.

On August 16, 2018, Defendants filed a proxy statement/prospectus (the “Prospectus”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges that the Prospectus, which scheduled a special meeting of stockholders for September 25, 2018, omits material information with respect to the Proposed Transaction, which renders the Prospectus false and misleading.

This case was voluntarily dismissed on October 22, 2018.


Sector: Financial
Industry: Regional Banks
Headquarters: United States


Ticker Symbol: GBNK
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.
COURT: D. Colorado
DOCKET #: 18-CV-02150
JUDGE: Hon. Kristen L. Mix
DATE FILED: 08/22/2018
CLASS PERIOD END: 08/22/2018
  1. Cody-Hopkins Law Firm
  2. Rigrodsky & Long, P.A.
  3. RM Law, P.C.
No Document Title Filing Date
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—Related District Court Filings Data is not available