Fort Lauderdale-based BankAtlantic Bancorp intentionally misled investors about problems with loans to commercial developers, a Miami federal jury found Thursday in a rare securities fraud class action trial.
The bank holding company made a series of eight false statements in financial filings with the Securities and Exchange Commission, as well as comments by chairman and CEO Alan B. Levan and CFO Valerie Toalson, the jury found.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]