NEW YORK, Aug. 6, 2017 /PRNewswire/ –Â WeissLaw LLP announced that a category movement was commenced in a United States District Court for a Western District of North Carolina on interest of shareholders of Capital Bank Financial Corp. (“Capital Bank”) (NASDAQ: CBF) seeking to pursue remedies underneath a Securities and Exchange Act of 1934 (the “Exchange Act”) in tie with a due partnership of Capital Bank by First Horizon National Corporation (“First Horizon”) (NYSE: FHN).
On May 4, 2017, Capital Bank and First Horizon announced that they had entered into a decisive agreement pursuant to that First Horizon will acquire all superb shares of Capital Bank in a cash-and-stock transaction valued during approximately $2.2 billion (“Proposed Transaction”). Under a terms of a agreement, Capital Bank shareholders will accept 1.750 shares of First Horizon and $7.90 in money for any Capital Bank share held.
The censure seeks injunctive service on interest of a named plaintiff and all Capital Bank shareholders. The plaintiff is represented by WeissLaw, that has imagination in prosecuting financier category actions and endless knowledge in actions involving financial fraud.Â The censure offer alleges that in an try to secure shareholder capitulation for a merger, a defendants filed a materially fake and/or dubious Registration Statement with a SEC in defilement of a Exchange Act. The wanting and/or skewed information is believed to be element to Capital Bank shareholders’ ability to make an sensitive preference either to approve a Proposed Transaction.
If we wish to offer as lead plaintiff, we contingency pierce a Court no after than sixty (60) days from today. If we wish to plead this movement or have any questions concerning this notice or your rights or interests, greatfully hit plaintiff’s counsel, Joshua M. Rubin of WeissLaw during 888.593.4771, or by e-mail during rel=”nofollow”email@example.com.Â Any member of a putative category might pierce a Court to offer as lead plaintiff by warn of their choice, or might select to do zero and sojourn an absent category member.
WeissLaw LLP has litigated hundreds of stockholder category and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and performed critical corporate governance service in many of these cases. If we have information or would like authorised recommendation concerning probable corporate indiscretion greatfully email us during rel=”nofollow”firstname.lastname@example.org.
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SOURCE WeissLaw LLP