Case Page

 

Case Status:    ONGOING    
On or around 09/26/2018 (Ongoing date of last review)

Filing Date: September 25, 2018

According to the Complaint, Green Bancorp, Inc. ("Green" or the "Company") is a bank holding company that operates Green Bank, N.A. (“Green Bank”) primarily in the Houston and Dallas metropolitan areas. Commercial- focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

On July 24, 2018, Green and Veritex Holdings, Inc. ("Veritex") issued a joint press release announcing they had entered into an Agreement and Plan of Merger dated July 23, 2018 (“Merger Agreement”). Pursuant to the terms of the Merger Agreement, each share of Green common stock issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive 0.79 shares of Veritex common stock (the “Merger Consideration”).

On August 13, 2018, Veritex filed a Registration Statement on Form S-4 with the SEC containing a joint proxy
statement/prospectus (the “Registration Statement”) in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement, which recommends that Green stockholders vote in favor of the
Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) the Company’s and Veritex’s financial projections, relied upon by Green’s financial advisor in its financial analyses; and (ii) the valuation analyses prepared by Green's financial advisor in connection with the rendering of its fairness opinion.

COMPANY INFORMATION:

Sector: Financial
Industry: Regional Banks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GNBC
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: S.D. Texas
DOCKET #: 18-CV-03430
JUDGE: Hon. Kenneth M Hoyt
DATE FILED: 09/25/2018
CLASS PERIOD START: 07/24/2018
CLASS PERIOD END: 09/25/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Federman & Sherwood (Oklahoma City)
    10205 N. Pennsylvania, Federman & Sherwood (Oklahoma City), OK 73120
    405.235.1560 405.235.1560 ·
  2. WeissLaw LLP
    551 Fifth Avenue, Suite 1600, WeissLaw LLP, NY 10176
    212.682.3025 212.682-3010 · info@wllawny.com
No Document Title Filing Date
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—Related District Court Filings Data is not available