CenterState Bank Corporation Securities Litigation
On or around 03/20/2020 (Date of last review)
Filing Date: March 19, 2020
According to the Complaint, CenterState Bank Corporation operates as one of the leading Southeastern regional bank franchises.
This action stems from a proposed transaction announced on January 27, 2020 , pursuant to which CenterState Bank Corporation will be acquired by South State Corporation.
On January 25, 2020, CenterState’s Board of Directors caused the Company to enter into an agreement and plan of merger with South State. Pursuant to the terms of the Merger Agreement, CenterState’s stockholders will receive 0.3001 shares of South State common stock for each share of CenterState common stock they own.
On March 16, 2020, 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: CenterState Bank Corporation
Industry: Regional Banks
Headquarters: United States
Ticker Symbol: CSFL
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. CenterState Bank Corporation, et al.
COURT: D. Delaware
DOCKET #: 20-CV-00398
JUDGE: Hon. Leonard P. Stark
DATE FILED: 03/19/2020
CLASS PERIOD START: 01/27/2020
CLASS PERIOD END: 03/19/2020
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