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Southeastern Pennsylvania Transportation Authority v. Orrstown Financial Services, Inc. et al
Case Number:
1:12-cv-00993
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
- Janney Montgomery Scott LLC
- Orrstown Financial Services Inc.
- Sandler O'Neill & Partners LP
- Southeastern Pennsylvania Transportation Authority
Government Agencies
Sectors & Industries:
-
February 02, 2023
SEPTA's $15M Deal With Pa. Bank Gets Preliminary Blessing
A Pennsylvania federal judge preliminarily signed off on a $15 million deal resolving claims by the state's transit agency against Orrstown Financial for allegedly misrepresenting its financial health, which led its stock prices to plummet and affected the agency's pension funds.
-
November 09, 2022
SEPTA, Pa. Bank Settle Stock Drop Case With $15M Deal
The Southeast Pennsylvania Transit Authority has agreed to a $15 million deal to resolve its claims that a Central Pennsylvania bank misrepresented its financial health, leading to stock drops that affected the transit agency's retirement funds, according to a status report filed Wednesday in federal court.