Shareholder Class Action Defense for Green Bankshares

Client Type: Public Company

We served as lead counsel to Green Bankshares, Inc. and its Board of Directors in multiple putative class actions challenging a $217 million merger, alleging that defendants breached their fiduciary duties by accepting an unfair sale price resulting from an unfair sale process. The plaintiffs sought to enjoin the merger. The matter was settled on favorable terms and the deal closed. Smith v. Green Bankshares, Inc. No. 11-625-III (Chancery Court, Davidson County, Tennessee); McClinton v. Green Bankshares, Inc., No. 11-cv-284ktl (Circuit Court, Greene County, Tennessee).

Green Bankshares, Inc. (formerly NASDAQ: GRNB) is a bank holding company that merged with and into Capital Bank, National Association (Capital Bank, NA), a subsidiary of Capital Bank Financial Corp. (CBF) in September 2011.

We served as lead counsel to Green Bankshares, Inc. and its Board of Directors in multiple putative class actions challenging a $217 million merger, alleging that defendants breached their fiduciary duties by accepting an unfair sale price resulting from an unfair sale process. The plaintiffs sought to enjoin the merger. The matter was settled on favorable terms and the deal closed. Smith v. Green Bankshares, Inc. No. 11-625-III (Chancery Court, Davidson County, Tennessee); McClinton v. Green Bankshares, Inc., No. 11-cv-284ktl (Circuit Court, Greene County, Tennessee).

Green Bankshares, Inc. (formerly NASDAQ: GRNB) is a bank holding company that merged with and into Capital Bank, National Association (Capital Bank, NA), a subsidiary of Capital Bank Financial Corp. (CBF) in September 2011.