Frank Sorrentino, CEO of ConnectOne Bancorp
SETTING A STANDARD: "We are going to be in the M&A marketplace going forward, so it was important to set a mark on [shareholder lawsuits] that we will fight vigorously so they should think twice next time," said Frank Sorrentino, CEO of ConnectOne Bancorp.
As consolidation heats up, bankers are pushing back against lawsuits challenging a deal's merits. Experts say the law firms pursuing litigation are motivated by fees and often withdraw when bank lawyers use legal maneuvers to lengthen the process.

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