On or around 02/08/2019 (Ongoing date of last review)
Filing Date: February 08, 2019
According to the Complaint, SI Financial Group, Inc. ("SI FI" or the "Company") is the parent holding company for Savings Institute Bank and Trust Company (the “Bank”). The Bank operates as a community-oriented financial institution offering a full range of financial services to consumers and businesses in its market area, including life insurance and annuities.
On December 11, 2018, the Company and Berkshire Hills Bancorp, Inc. ("BHBI") issued a joint press release announcing the Proposed Transaction. Pursuant to the Merger Agreement: (i) SI FI will merge with and into BHBI, with BHBI surviving the merger, and (ii) the separate corporate existence of the Company shall cease.
The Complaint alleges that on January 4, 2019, in order to convince SI FI’s public common stockholders to vote in favor of the Proposed Transaction, BHBI filed a materially incomplete and misleading Form S-4 Registration Statement (the “Proxy”) with the SEC, in violation of Sections 14(a) and 20(a) of the Exchange Act.
Company & Securities Information
Defendant: SI Financial Group, Inc.
Industry: S&Ls/Savings Banks
Headquarters: United States
Ticker Symbol: SIFI
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
Selwyn Karp, et al. v. SI Financial Group, Inc., et al.
COURT: D. Connecticut
DOCKET #: 19-CV-00199
JUDGE: Hon. Michael P. Shea
DATE FILED: 02/08/2019
CLASS PERIOD START: 12/11/2018
CLASS PERIOD END: 02/08/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Gainey McKenna & Egleston 440 Park Avenue South, 5th Floor, Gainey McKenna & Egleston, NY 10016 212.983.1300 212.983.0380 ·
Whitman Breed Abbott & Morgan LLC 500 West Putnam Avenue, Whitman Breed Abbott & Morgan LLC 203.869.3800 203.869.1951 ·
First Identified Complaint (FIC) Filings:
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available