Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against First M&F Corporation
09 Abril 2013 - 3:44PM
Business Wire
Robbins Geller Rudman & Dowd LLP (“Robbins Geller”) today
announced that a class action has been commenced, through an
amended complaint filed on April 8, 2013, in the United States
District Court for the Northern District of Mississippi on behalf
of all holders of First M&F Corporation (“FMFC” or the
“Company”) (NASDAQ:FMFC) common stock on February 7, 2013, in
connection with the proposed takeover of FMFC and Merchants and
Farmers Bank (“Merchants”) by Renasant Corporation and Renasant
Bank (collectively, “Renasant”).
If you wish to serve as lead plaintiff, you must move the Court
no later than 60 days from today. If you wish to discuss this
action or have any questions concerning this notice or your rights
or interests, please contact plaintiff’s counsel, Darren Robbins of
Robbins Geller at 800-449-4900 or 619-231-1058, or via e-mail at
djr@rgrdlaw.com. If you are a member of this class, you can view a
copy of the amended complaint as filed or join this class action
online at http://www.rgrdlaw.com/cases/fmfc/. Any member of the
putative class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member.
On February 7, 2013, FMFC announced that FMFC, Merchants and
Renasant had entered into a definitive merger agreement whereby
FMFC and Merchants would be merged with Renasant. Through the
merger, the public shareholders of FMFC would have the right to
receive 0.6425 shares of Renasant common stock for each share of
FMFC common stock they own.
The amended complaint charges FMFC’s Board of Directors (the
“Board”) and Renasant with violations of §§14(a) and 20(a) of the
Securities Exchange Act of 1934 (the “1934 Act”) and U.S.
Securities and Exchange Commission (“SEC”) Rule 14a-9 in connection
with the Form S-4 (the “S-4”) defendants filed with the SEC on
March 29, 2013 regarding the proposed merger between FMFC,
Merchants and Renasant. The amended complaint alleges that the S-4
contains material omissions and/or misstatements in contravention
of §§14(a) and 20(a) of the 1934 Act and SEC Rule 14a-9 and/or
defendants’ fiduciary duty of disclosure under state law, including
but not limited to material omissions and/or misstatements
concerning the sales process leading up to the execution of the
merger agreement, the Company’s value, the analyses performed by
the Company’s financial advisor, Keefe, Bruyette & Woods, Inc.
(“KBW”), the analyses performed by Renasant’s financial advisor
Sandler O’Neill + Partners, L.P., and the potential and/or actual
conflicts of interest faced by KBW. Plaintiff alleges that without
this material information, FMFC shareholders will be prevented from
making a fully-informed decision as to the adequacy of the proposed
takeover consideration offered by Renasant and whether to vote
their shares in favor of the takeover. The S-4 anticipates an FMFC
shareholder vote on the proposed merger sometime in June 2013.
In addition, the amended complaint alleges the Board, FMFC,
Merchants and Renasant either directly breached or aided and
abetted breaches of fiduciary duties owed to FMFC shareholders in
connection with the proposed merger.
Plaintiff seeks injunctive and equitable relief on behalf of all
holders of FMFC common stock on February 7, 2013 (the “Class”),
including but not limited to preventing the FMFC shareholder vote
and consummation of the proposed takeover of FMFC by Renasant
unless and until the material omissions and/or misstatements in the
S-4 are corrected. Plaintiff is represented by Robbins Geller,
which has expertise in prosecuting investor class actions and
extensive experience in actions involving financial fraud.
Robbins Geller represents U.S. and international institutional
investors in contingency-based securities and corporate litigation.
With nearly 200 lawyers in nine offices, the firm represents
hundreds of public and multi-employer pension funds with combined
assets under management in excess of $2 trillion. The firm has
obtained many of the largest recoveries in history and has been
ranked number one in the number of shareholder class action
recoveries in MSCI’s Top SCAS 50 every year since 2003. Please
visit http://www.rgrdlaw.com for more information.
First M & F (NASDAQ:FMFC)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
First M & F (NASDAQ:FMFC)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024