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Lawsuit Overview
July 13, 2016 (Shareholders Foundation) - An investor, who currently holds shares of PrivateBancorp Inc (NASDAQ:PVTB), filed a lawsuit in effort to halt the proposed takeover of PrivateBancorp Inc by CIBC for a value of approximately $47 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:PVTB stockholders by agreeing to sell PrivateBan...
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