United Community Financial Corp. Securities Litigation
On or around 10/18/2019 (Date of last review)
Filing Date: October 18, 2019
According to the Complaint, United Community is the holding company for Home Savings Bank and HSB Insurance, LLC. Home Savings Bank offers a full line of commercial, wealth management, and consumer banking products and services with thirty-three retail banking offices as well as residential mortgage loan centers.
This action stems from a proposed transaction announced on September 9, 2019, pursuant to which United Community Financial Corp. will merge with First Defiance Financial Corp.
On September 9, 2019, United Community’s Board of Directors caused the Company to enter into an agreement and plan of merger with First Defiance. Pursuant to the terms of the Merger Agreement, shareholders of United Community will receive 0.3715 shares of First Defiance common stock for each share of United Community they own.
On October 9, 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 that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
Company & Securities Information
Defendant: United Community Financial Corp.
Industry: S&Ls/Savings Banks
Headquarters: United States
Ticker Symbol: UCFC
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. United Community Financial Corp., et al.
COURT: D. Delaware
DOCKET #: 19-CV-01989
JUDGE: Hon. Richard G. Andrews
DATE FILED: 10/18/2019
CLASS PERIOD START: 09/09/2019
CLASS PERIOD END: 10/18/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
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