National City Corp. shareholders have filed about a dozen lawsuits in courts in Ohio, Delaware and elsewhere opposing the pending sale of the Cleveland-based bank to PNC Bank.
National City is being acquired by Pittsburgh-based PNC Financial Services Group Inc. for $5.6 billion. Shareholders of National City and PNC will get a chance to vote on the proposed sale at meetings scheduled for Dec. 23.
Former Ohio Attorney General Marc Dann is one shareholder who has asked a judge to grant an injunction delaying the sale. Dann, who resigned as Ohio's attorney general amid a sexual harassment scandal in May, says the sale price is too low.
Several lawsuits have been rolled into a class-action suit filed three days after the sale was announced in October.
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