IBERIABANK Corporation Securities Litigation

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Lawsuit Overview

Defendant:IBERIABANK Corporation
Date Filed:January 8th, 2020
Sector:Finance
Industry:Major Banks
Class Start Date:November 4th, 2019
Class End Date:January 8th, 2020

According to the Complaint, IBERIABANK Corporation is a financial holding company with locations in Louisiana,
Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, South Carolina, North Carolina, Mississippi, Missouri, and New York offering commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, mortgage, and title insurance services.

This action stems from a proposed transaction announced on November 4, 2019, pursuant to which IBERIABANK Corporation will be acquired by First Horizon National Corporation.

On November 3, 2019, IBERIABANK's Board of Directors caused the Company to enter into an agreement and plan of merger with First Horizon. Pursuant to the terms of the Merger Agreement, IBERIABANK's stockholders will receive 4.584 shares of First Horizon common stock for each share of IBERIABANK common stock they own.

On December 31, 2019, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

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First Identified Complaint

Paul Parshall, et al. v. IBERIABANK Corporation, et al.

Date Filed:January 8th, 2020
Class Period Start:November 4th, 2019
Class Period End:January 8th, 2020
First Identified Complaint Filings
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