TBA Law Blog

Posted by: Amelia Ferrell Knisely on Jun 14, 2016

Avenue Financial Holdings and Pinnacle Financial Partners have signed a memorandum of understanding with plaintiffs in a class-action suit that claims Avenue’s board of directors put their personal interests ahead of Avenue shareholders in Pinnacle’s proposed acquisition of the bank. The Nashville Post reports the MOU requires the two companies to disclose more information about the strategies and talks leading up to their $200 million deal announcement.