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Salisbury Bancorp's Merger With NBT Unfair, Investor Claims

Law 360

The planned merger of the northeastern banking and financial services companies Salisbury Bancorp Inc. and NBT Bancorp Inc. was struck by insiders who had conflicts of interest and failed to disclose crucial information to investors who will be shortchanged in the deal, Salisbury shareholders said.

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Republic First Shareholders Sue Board Over Bank's Struggles

Law 360

The directors of Republic First Bancorp Inc. have harmed the bank's reputation and caused its stock to crater because of their struggle for control of the board and ousting of the CEO, three prominent investors in the company allege in a derivative suit.

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Two Sixth Amendment claims and an ERISA lawsuit

SCOTUSBlog

In Fifth Third Bancorp. Dudenhoeffer , the Supreme Court held that plan fiduciaries (typically company insiders) are not entitled to any special presumption of prudence when they invest in the company’s own stock, but rather are held to the same standards as ERISA fiduciaries in general. relisted after the April 1 conference).

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