In a case with wider implications for the financial industry, jurors in a class-action securities fraud suit found that BankAtlantic Bankcorp was liable to shareholders for about $42 million for making false statements about the bank’s real estate portfolio and net income.
Continue reading Jury Verdict Puts Banks on Notice: ‘Meltdown Defense’ Won’t Fly
Jury Verdict Puts Banks on Notice: ‘Meltdown Defense’ Won’t Fly originally appeared on DailyFinance on Fri, 19 Nov 2010 10:37:00.
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