North Fork investors sue to block Capital One deal
Hoping to be the David to Capital One’s Goliath, North Fork Bancorp Inc. is filing suit against Capital One to block Capital One’s planned takeover of the regional North Fork, according to a Reuters story.
CallThru IP Telephony System
Debtmaster Collection Software strong
Combining the best features of Voice Broadcasting, Power Dialing, Call Recording, and more...
The lawsuit accuses Capital One of abusing and breaching their fiduciary duty, failing to maximize shareholder value in the takeover.
Planning a one-two combination, North Fork has also filed a separate suit against Capital One that challenges the planned compensation to be paid to bank executives as part of the buyout deal.
You can read more about this story at North Fork investors sue to block Capital One deal.
Be the First To Comment
(Please read our comments policy first.)
Tell us what topics you're interested in and we'll keep you posted. Enter your email address below.
Topics:
Companies:
Related Resources
News
Analysis
Publications
Research
Products and Services
