Norcross withdraws Republic Bank lawsuits, supports Madonna as chair
The Norcross Braca Group has withdrawn all litigation filed against Republic First Bank and certain directors.
Source: njbiz.com
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Vernon Hill sues Republic First after ouster as chairman
The lawsuit filed by the Philadelphia company's CEO claims an opposing board faction lacks a quorum. Hill seeks to bar the group from reinstalling founder Harry Madonna.
Source: americanbanker.com
Death of Republic Bank director could reshape proxy fight
A member of the Republic Bank board who was backing CEO Vernon Hill in a battle for control of the company has died.
Source: njbiz.com
Judge rules Hill slate must respond to lawsuit in Republic First Bank saga
The battle for control of Republic First Bank is reaching a fever pitch, with a federal judge ruling Friday that CEO Vernon Hill’s slate of board directors must respond to a lawsuit brought by activist investor Abbott Cooper.
Source: njbiz.com
Activist investor sues Republic First for delaying its annual meeting
A U.S. District Court ordered the Philadelphia-based bank, headed by Vernon Hill, to respond by Monday to Driver Management’s claim that its board improperly postponed a May 10 shareholder meeting.
Source: americanbanker.com