Court dismisses shareholder class action against USCB directors with prejudice

USCB FINANCIAL HOLDINGS, INC.

Litigation filed July 13, 2023 by three former U.S. Century Bank shareholders over 2021 preferred stock exchange, alleging ultra vires and breach of fiduciary duty.
Plaintiffs sought class certification and damages exceeding $750,000 plus fees.
On December 27, 2023, Miami-Dade Circuit Court granted motion to dismiss with prejudice, entering final judgment for defendants.
Court reserved jurisdiction to award costs or post-judgment relief.

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