Investors seek to stop US banking merger
The proposed $127.7m merger between Royal Bancshares of Pennsylvania and Bryn Mawr Bank has been hit by a lawsuit filed by investors with the US Securities and Exchange Commission. Investors claim they were not given the "complete picture of the proposed transaction" and claim potential conflicts of interest were omitted.
By Adam Rhodes (April 12, 2017, 6:11 PM EDT) -- A putative class of investors hit Royal Bancshares of Pennsylvania Inc., its current top executives and Bryn Mawr Bank Corp. with a suit in Pennsylvania federal court on Tuesday to block a proposed $127.7 million merger, claiming that they weren't given a complete picture of the proposed transaction....

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