Cadence, Encore Resolve Investor Suit Over $250M Merger

Law360, New York (November 26, 2012, 3:56 PM EST) -- A New York state judge said Monday that he'll likely sign off on a settlement in a suit brought by Encore Bancshares Inc. shareholders alleging the bank hadn't disclosed lucrative executive incentives in Encore's $250 million sale to Cadence Bancorp LLC.

New York Supreme Court Judge Lawrence K. Marks said that he would likely accept the settlement, which both Encore and the plaintiffs supported and which he preliminarily approved in September.

The settlement calls for additional disclosures to be made about the transaction, including details about...
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