Boston Private Financial Holdings Inc. Common Stock (NASDAQ: BPFH)
The Complaint alleges that Boston Private released a series of materially false and misleading proxy solicitations that aimed to persuade stockholders to accept the merger. The Complaint further alleges that these false and misleading representations caused Boston Private’s shareholders hundreds of millions of dollars in economic losses by inducing stockholders to accept a merger that underpriced the Company and failed to compensate stockholders for the value of their shares.