U.S. District Judge Ursula Ungaro in Miami overturned the verdict that favored the plaintiffs in April and has ordered sanctions against New York's Labaton Sucharow and Kessler Topaz Meltzer & Check of Radnor, Pennsylvania.
August 10, 2011 at 12:00 AM
1 minute read
Attorneys for BankAtlantic Bancorp have long said the shareholder class action should never have made it to trial because the plaintiff attorneys misrepresented what confidential witnesses would say to bolster their case.
A federal judge partly agrees.
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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