secwatch.observer — SEC 8-K summary
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Issuer:     USCB FINANCIAL HOLDINGS, INC. (USCB)
CIK:        0001901637
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0000927089-24-000004
Event type: litigation
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Court dismisses shareholder class action against USCB directors with prejudice
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901637/000092708924000004/0000927089-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901637/000092708924000004/uscb20240102_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000004

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