4th Circuit Asked To Overturn Dismissal Of Investor Suit Challenging Merger Deal

Mealey's (August 13, 2021, 11:39 AM EDT) -- RICHMOND, Va. — A federal district court erred in granting a cross-motion for summary judgment in a shareholder class action alleging that a bank holding company and its board of directors issued a materially misleading proxy statement in anticipation of a shareholder vote on a proposed merger deal because a shareholder was not given the opportunity to properly oppose the motion, the shareholder argues in a July 27 appellant brief filed in the Fourth Circuit U.S. Court of Appeals....

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