On or around 05/22/2019 (Notice of voluntarily dismissal)
Filing Date: March 08, 2019
According to the Complaint, this action stems from a proposed transaction announced on December 17, 2018, pursuant to which Fidelity Southern Corporation will be acquired by Ameris Bancorp. On December 17, 2018, Fidelity’s Board of Directors caused the Company to enter into an agreement and plan of merger with Ameris. Pursuant to the terms of the Merger Agreement, shareholders of Fidelity will receive 0.80 shares of Ameris common stock for each share of Fidelity common stock they own. On February 12, 2019, defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction.
The Complaint alleges the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
This case was voluntarily dismissed on May 22, 2019.
Company & Securities Information
Defendant: Fidelity Southern Corporation
Industry: Regional Banks
Headquarters: United States
Ticker Symbol: LION
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. Fidelity Southern Corporation, et al.