Securities Class Action Defense for Green Bankshares

Client Type: Public Company

We represented Green Bankshares and certain named officers in a consolidated securities fraud class action alleging violations of Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The case was favorably settled following the filing of a motion to dismiss. Burgraff v. Green Bankshares Inc., et al Case No. 2:10-cv-00253 (U.S.D.C., Eastern District of Tennessee, Northeastern Division) and Brian Molnar v. Green Bankshares, Inc., et al., Case No. 2:11-cv-00014 (U.S.D.C., Eastern District of Tennessee, Northeastern Division) and Cook v. Green Bankshares, Inc., et al Case No. 2:11cv176 (U.S. D.C., Eastern District of Tennessee Northeastern Division)

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 represented Green Bankshares and certain named officers in a consolidated securities fraud class action alleging violations of Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The case was favorably settled following the filing of a motion to dismiss. Burgraff v. Green Bankshares Inc., et al Case No. 2:10-cv-00253 (U.S.D.C., Eastern District of Tennessee, Northeastern Division) and Brian Molnar v. Green Bankshares, Inc., et al., Case No. 2:11-cv-00014 (U.S.D.C., Eastern District of Tennessee, Northeastern Division) and Cook v. Green Bankshares, Inc., et al Case No. 2:11cv176 (U.S. D.C., Eastern District of Tennessee Northeastern Division)

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.