On or around 01/07/2019 (Notice of voluntarily dismissal)
Filing Date: December 14, 2018
According to the Complaint, Access National Corporation ("Access" or the "Company") is the parent company of Access National Bank and Middleburg Investment Group serving Northern and Central Virginia. Access National Bank is a commercial bank serving middle market businesses and associated professionals throughout the Washington D.C. region.
This action stems from a proposed transaction announced on October 5, 2018 (the “Proposed Transaction”), pursuant to which Access will be acquired by Union Bankshares Corporation.
On December 10, 2018, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement, which scheduled a stockholder vote on the Proposed Transaction for January 15, 2019, omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
This case was voluntarily dismissed on January 7, 2019.
Company & Securities Information
Defendant: Access National Corporation
Industry: Regional Banks
Headquarters: United States
Ticker Symbol: ANCX
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. Access National Corporation, et al.