IF Bancorp Inc. Common Stock (NASDAQ: IROQ)
58 Days left to seek lead plaintiff status.
The Complaint alleges that the Proxy made false and/or misleading statements and/or failed to disclose that: (i) due to IF Bancorp’s required Loan renewal, there was no meaningful likelihood that the Company’s tangible common equity would exceed the Merger Consideration Threshold; (ii) accordingly, the Proxy’s statements concerning the Merger Consideration and Special Dividend were misleading insofar as they overstated the likelihood that IF Bancorp shareholders would receive the Special Dividend; and (iii) as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.