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Johnson v. Samuel et al
Case Number:
1:11-cv-01777
Court:
Nature of Suit:
Multi Party Litigation:
Class Action, Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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June 12, 2012
Tower Bancorp Ends 2 Suits Over $336M Susquehanna Merger
A Pennsylvania federal judge gave an initial green light Tuesday to Tower Bancorp Inc.'s proposed class settlement of two shareholder derivative suits challenging the company's $336 million sale to Susquehanna Bancshares Inc.
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September 26, 2011
Tower Bancorp Shareholder Tries To Block $336M Sale
A Tower Bancorp Inc. shareholder filed a derivative suit and putative class action Monday claiming the company's executives agreed to a proposed $336 million sale to Susquehanna Bancshares Inc. because of monetary and career-enhancement incentives embedded in the deal.