Lawsuit Overview
Company
Security
NYSE: NFS
Case Name
Nationwide Financial Services Case
Type of Lawsuit
Shareholder Class Action
Class Period Begin
Class Period End
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Summary
<p align= justify >A Shareholder of Nationwide Financial Services Inc.has filed a putative class action against the company. The shareholders accuses that majority shareholder Nationwide Corp.’s $2.17 billion buyout bid is too low and that Nationwide has interests on both sides of the proposed deal.</p> <p align= justify >The suit against Nationwide Corp., several other Nationwide affiliates and several directors, some of whom allegedly sit on both Nationwide Financial Services Inc. and Nationwide’s boards, was filed on behalf of Nationwide Finacnial Services Inc. public shareholders.</p>