Recent Securities Litigations
MutualFirst Financial Inc. (NASDAQ: MFSF)
According to the Complaint, MutualFirst Financial, Inc. operates thirty-nine full-service retail financial centers and provides a full range of financial services, including commercial and business banking, personal banking, wealth management, and trust services.
This action stems from a proposed transaction announced on October 29, 2019, pursuant to which MutualFirst Financial, Inc. will be acquired by Northwest Bancshares, Inc.
On October 29, 2019, MutualFirst’s Board of Directors caused the Company to enter into an agreement and plan of merger with Northwest. Pursuant to the terms of the Merger Agreement, MutualFirst’s stockholders will receive 2.4 shares of Northwest for each share of MutualFirst they own.
On December 20, 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.