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Parshall, Paul v. Anchor BanCorp Wisconsin, Inc. et al
Case Number:
3:16-cv-00120
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 26, 2016
Investor Ends Class Action Over $461M AnchorBank Sale
An Anchor BanCorp Wisconsin Inc. investor asked a Wisconsin federal court on Friday to end his class action accusing executives of structuring a $461 million sale to benefit themselves and shortchange investors in light of a Seventh Circuit decision earlier this month that curbs certain disclosure-only settlements.
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February 25, 2016
AnchorBank Lied To SEC On $461M Sale, Investor Claims
Shareholders sued Old National Bancorp along with Anchor BanCorp Wisconsin Inc. and seven of its executives in Wisconsin federal court Thursday, alleging Anchor's executives structured a $461 million sale to Old National to benefit themselves, not investors, and made false statements to the U.S. Securities and Exchange Commission.