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Re: Enterprising Investor post# 10

Saturday, 06/10/2023 12:06:56 PM

Saturday, June 10, 2023 12:06:56 PM

Post# of 19
The $225 MM was a nice cushion to land on after the failed M&A with TD Bank. No argument there.

However.. (as expected) the shareholders & arbs are not as happy as the D&O folks and have filed suit.

The accusations, costs and lengthy court battle can't be good for a bank looking to acquire or be acquired. It puts the bank into the slightly 'troubled' category until resolved.

FHN LAWSUIT ALERT: Levi & Korsinsky Notifies First Horizon Corporation Investors of a Class Action Lawsuit and Upcoming Deadline

June 09, 2023 13:00 ET


*Banking in general still sits in a precarious place in the minds of many depositors.

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