Processing your request


please wait...

Case Page

 

Case Status:    DISMISSED    
On or around 07/24/2019 (Court's order of dismissal)

Filing Date: June 11, 2019

According to the Complaint, HopFed is the holding company for Heritage, a Kentucky state chartered commercial bank headquartered in Hopkinsville, Kentucky. Heritage has 18 branch offices in western Kentucky and middle Tennessee and loan production offices in Nashville, Murfreesboro, and Brentwood, Tennessee. Heritage offers a broad line of banking and financial products and services with the personalized focus of a community banking organization.

On January 7, 2019, HopFed and First Financial Corporation issued a joint press release announcing they had entered into an Agreement and Plan of Merger dated January 7, 2019. Pursuant to the terms of the Merger Agreement, for each share of HopFed common stock they own, HopFed stockholders may elect to receive, subject to proration: (i) 0.444 shares of First Financial common stock, or (ii) $21.00 in cash.

On April 11, 2019, HopFed and First Financial filed a joint proxy statement/prospectus on Form S-4 (as amended on June 6, 2019, the “Registration Statement”) with the SEC in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement, which recommends that HopFed stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) the data and inputs underlying the financial valuation analyses that support the fairness opinion provided by the Company’s financial advisor; and (ii) the background process leading to the Proposed Transaction.

This case was voluntarily dismissed on July 19, 2019.

COMPANY INFORMATION:

Sector: Financial
Industry: S&Ls/Savings Banks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HFBC
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: W.D. Kentucky
DOCKET #: 19-CV-00084
JUDGE: Hon. Thomas B. Russell
DATE FILED: 06/11/2019
CLASS PERIOD START: 01/07/2019
CLASS PERIOD END: 06/11/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Strause Law Group, PLLC
  2. WeissLaw LLP
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available