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Case Status:    ONGOING    
On or around 09/13/2019 (Date of last review)

Filing Date: September 12, 2019

According to the Complaint, United Financial is the holding company for United Bank, a full service financial services firm offering a complete line of commercial, small business, wealth management and consumer banking products and services to customers throughout Connecticut, Massachusetts and Rhode Island.

This action stems from a proposed transaction announced on July 15, 2019, pursuant to which United Financial Bancorp, Inc. will be acquired by People’s United Financial, Inc.

On July 15, 2019, United Financial’s Board of Directors caused the Company to enter into an agreement and plan of merger with People’s United. Pursuant to the terms of the Merger Agreement, United Financial’s stockholders will receive 0.875 of a share of People’s United stock for each share of United Financial common stock they own.

On September 4, 2019, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for October 22, 2019. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: UBNK
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: D. Delaware
DOCKET #: 19-CV-01716
JUDGE: Hon. Leonard P. Stark
DATE FILED: 09/12/2019
CLASS PERIOD START: 07/15/2019
CLASS PERIOD END: 09/12/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available