Securities Litigation: Huntington Bancshares, Inc.

Tom v. Huntington Bancshares Inc. et al (Sky Financial)
USDC SD Ohio
'33 Act; Credit Crunch
Acquisition

Company background

Litigation background

Lead plaintiffs

Background

Form 10-Q 8.11.08 at page 83
"On May 7, 2008, a putative class action lawsuit was filed in the United States District Court for the Southern District of Ohio, Eastern Division, against Huntington (as successor in interest to Sky Financial), and certain of Sky Financials former officers on behalf of all persons who purchased or acquired Sky Financial common stock in connection with and as a result of Sky Financials October 2006 acquisition of Waterfield Mortgage Company. The complaint seeks to allege that the defendants violated Sections 11, 12, and 15 of the Securities Act of 1933 in connection with the issuance of allegedly false and misleading registration and proxy statements leading up to the Waterfield acquisition and their disclosures about the nature and extent of Sky Financials lending relationship with Franklin. At this early stage of this lawsuit, it is not possible for management to assess the probability of an adverse outcome, or reasonably estimate the amount of any potential loss."
Merger agreement 12.20.06
EDGAR filings

Complaint

Lead plaintiff

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