Premara Financial Omissions in S-4 Registration Statement Class Action

Premara Financial’s sole business is being the holding company for Carolina Premier Bank. In the proposed merger disclosed on July 21, 2017, Premara would merge into Select Bancorp and Carolina Bank would merge into Select Bancorp subsidiary Select Bank &Trust Company, with the Select entities surviving the merger. On September 27, 2017, a Form S-4  Read more

Dimension Therapeutics Solicitation Statement Omissions Class Action

Dimension Therapeutics focuses on new therapeutic products for people living with rare disease associated with the liver. On October 2, 2017, its board entered into a merger agreement with a company called Ultragenyx. However, the complaint for this class action alleges that the consideration to be paid to stockholders appears inadequate and that the Solicitation  Read more

Bear State Financial Merger Proxy Statement Omissions Class Action

On August 22, 2017, a proposed transaction was announced, in which Bear State Financial and Bear State Bank would merge with Arvest Bank and Arvest Acquisition Sub, Inc. On September 25, 2017, a Preliminary Proxy Statement for the transaction was filed with the Securities and Exchange Commission (SEC). However, the complaint for this transaction alleges  Read more

Hawaiian Telcom Merger False and Misleading Registration Statement Class Action

On July 10, 2017 a proposed transaction was announced, under which Hawaiian Telcom Holdco, Inc. would be acquired by Cincinnati Bell, Inc. and Twin Acquisition Corp. However, the complaint for this class action alleges that the Form S-4 Registration Statement filed with the Securities and Exchange Commission (SEC) omits material information relating to the bases  Read more

J.Jill IPO Misleading Registration Statement Securities Class Action

J.Jill sells clothing and accessories for women ages 40-65 and it has a “loyal, engaged, and affluent” customer following, but according to the complaint for this class action, the information provided in the Registration Statement for its March 2017 IPO was insufficient to provide investors with a true picture of the company’s prospects. The complaint  Read more