Marshall and Isley Bank Shareholders File Class Action Lawsuit Complaint Against Marshall and Isley Bank Over Proposed Sale To BMO Financial Group.
A shareholder class action lawsuit has been filed against Marshall and Isley Bank (“Marshall and Isley Bank” or “Marshall & Isley” or “M&I Bank” or “Defendant”) in Milwaukee County Circuit Court in Wisconsin, alleging, among other things, that the proposed sale of Marshall & Isley Bank to BMO Financial Group (“BMO” or “Bank of Montreal”) for about $7.75 per share is unfair, fails to maximize shareholder value and is in breach of fiduciary duties owed to shareholders, according to a Marshall and Isley Bank shareholder class action lawsuit news report.
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