A federal judge has denied Onbancorp's motion for a preliminary injunction to bar its largest shareholder from issuing statements urging the sale of the company.

U.S. District Court Judge Rosemary Pooler said Onbancorp "has not shown that any materials (Seymour) Holtzman issued or could issue between now and the trial on the merits likely would cause the bank or its shareholders irreparable injury."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.