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Shareholders blast Robinson, Alex. Brown. (stockholders of Baltimore Bancorp; Harry L. Robinson)
After yanking control of Baltimore Bancorp away from its former board, shareholders are now chasing the old directors for millions of dollars lost when the company rejected a buyout offer last year.
In a federal lawsuit unsealed this week, shareholders blasted former chairman Harry L. Robinson and his handpicked board for their role in rejecting a $17-a-share offer from First Maryland Bancorp.
The suit claims the board rejected the offer to protect officers' jobs and benefits, costing shareholders the opportunity to sell their stock at a premium.
According to the suit, Robinson's board rejected the bid without any debate, and later said the decision was …
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- Shareholders sue old Baltimore Bancorp board. (suit against Harry L. Robinson...
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Magazine article from: Baltimore Business Journal
November 8, 1991
700+ words
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- Baltimore Bancorp rejects First Maryland takeover bid.
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Magazine article from: Baltimore Business Journal
Smith, Thomas J.
May 21, 1990
700+ words
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Magazine article from: Baltimore Business Journal
Pierpoint, J.B.
May 6, 1991
700+ words
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- 2 banks, thrift on the takeover list. (Baltimore Bancorp, First Union Corp.,...
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Magazine article from: Baltimore Business Journal
Sullivan, Annie
November 19, 1993
700+ words
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- Analysts seek audience with Baltimore Bancorp officials.
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Magazine article from: Baltimore Business Journal
Maio, Patrick J.
April 17, 1992
700+ words
