Union First Market Bankshares' efforts to acquire Charlottesville-based StellarOne has now sparked a lawsuit from shareholders.
Richmond Biz Sense reports StellarOne shareholders have filed suit alleging breach of "fiduciary duty" to shareholders by both banks and that the proposed deal was driven by self-interest of certain officers and directors.
The case was filed in June after the $445 million deal was announced.
The merger has yet to be approved by regulators and shareholders.
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Thursday, December 12 2013 5:57 PM EST2013-12-12 22:57:02 GMT
The 2013 Albemarle Basketball team's leading scorers are Freshmen. Jake Hahn is averaging 13 points per game while Austin Katstra is averaging a whopping 17. Oh, and it doesn't hurt that they're bothFull Story
The 2013 Albemarle Basketball team's leading scorers are Freshman. Jake Hahn is averaging 13 points per game while Austin Katstra is averaging a whopping 17.Full Story