Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
NASHVILLE, Tenn., Nov. 01, 2017 -- CapStar Financial Holdings, Inc. (“CapStar”), a bank holding company that operates primarily through its wholly owned subsidiary, CapStar Bank, a Tennessee-chartered state bank, filed a lawsuit today against Gaylon M. Lawrence and The Lawrence Group. The complaint alleges that Lawrence and The Lawrence Group made a series of false and misleading securities filings and violated federal and state banking laws in connection with accumulating a stake in CapStar in excess of 10 percent.
"CapStar is committed to protecting the interests of all of our shareholders and employees," said Claire Tucker, CEO of CapStar Financial Holdings, Inc. "Our Board believes an important part of its fiduciary obligations is taking steps to enforce laws intended to protect our shareholders and other constituents. This is important to help ensure all shareholders have an equal opportunity to benefit from our strategic plan and any strategic initiatives."
As filed today in the United States District Court for the Middle District of Tennessee, CapStar’s complaint asserts three claims:
- Violations of Section 13(d) of the Securities Exchange Act of 1934 by repeatedly filing disclosures that failed to disclose plans to acquire control of CapStar or additional stock in the bank.
- Violations of the federal Change in Bank Control Act, the statute requiring defendants to provide written notice and to obtain regulatory approval from the Federal Reserve 60 days prior to crossing the 10 percent ownership level.
- Violations of the Tennessee Code Section 45-2-107, by acquiring 10 percent or more of the voting stock of a bank without being a bank holding company.
About CapStar
CapStar Financial Holdings, Inc. is a bank holding company headquartered in Nashville, Tennessee, and operates primarily through its wholly owned subsidiary, CapStar Bank, a Tennessee-chartered state bank.
For more information, contact: Rob Anderson (615) 732-6470 [email protected]
