Cases
Cardinal Financial Corporation (NASDAQ: CFNL)
Securities Class Action
Overview
Overview
- Date:
- 12/28/2016
- Company Name:
- Cardinal Financial Corporation
- Stock Symbol:
- CFNL
- Class Period:
- FROM 12/20/2016
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Eastern District of Virginia
NEW YORK, December 28, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Virginia Eastern District Court on behalf of all persons or entities who held Cardinal Financial Corporation (NASDAQ: CFNL) securities on December 20, 2016 (the “Class Period”).
On August 18, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which United Bankshares, Inc. will acquire Cardinal Financial Corporation in a merger in a deal worth $912 million. As a result of the merger, Lifelock shareholders are only anticipated to receive 0.71 United shares for each share of Cardinal common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Cardinal securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On August 18, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which United Bankshares, Inc. will acquire Cardinal Financial Corporation in a merger in a deal worth $912 million. As a result of the merger, Lifelock shareholders are only anticipated to receive 0.71 United shares for each share of Cardinal common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Cardinal securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.