Quantcast
Home / Verdicts & Settlements / Shareholders reach $160K settlement in challenge to bank merger (access required)

Shareholders reach $160K settlement in challenge to bank merger (access required)

The North Carolina Business Court has approved a “disclosure-based” settlement agreement resolving a shareholder lawsuit stemming from the merger of NewBridge Bancorp and Navy Merger Sub Corp. The settlement agreement awards $135,000 to the plaintiffs for attorneys’ fees, as well as an additional $25,462 for expenses. A class of shareholders filed the lawsuit after the proposed merger ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*