Columbia Banking System Mistrial In Aug 2020 Class Action Complaint Was Declared On Mar 4, When Jury Was Unable To Reach Verdict

Reuters

03-28

March 27 (Reuters) - Columbia Banking System Inc ::
*COLUMBIA BANKING SYSTEM: MISTRIAL IN AUG 2020 CLASS ACTION COMPLAINT WAS DECLARED ON MAR 4, WHEN JURY WAS UNABLE TO REACH VERDICT
*COLUMBIA BANKING SYSTEM: CO'S UNIT SUBSEQUENTLY ENGAGED IN COURT ORDERED SETTLEMENT CONFERENCE, & NOTICE OF SETTLEMENT WAS FILED ON MAR 27
*COLUMBIA BANKING SYSTEM: PROPOSED SETTLEMENT OF AUG 2020 CLASS ACTION COMPLAINT CONTEMPLATES $55 MILLION PAYMENT BY CO'S UNIT TO CLASS

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 27-MAR-202520:58:02 GMT

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