Fla. Judge Rules For SEC In BankAtlantic Fraud Suit

Law360, New York (October 10, 2013, 5:55 PM EDT) -- A Florida federal judge on Thursday handed the U.S. Securities and Exchange Commission a victory on two claims in its accounting fraud suit accusing BankAtlantic Bancorp Inc. of hiding problems in its commercial real estate portfolio from investors in the early days of the financial crisis.

U.S. District Judge Robert N. Scola granted both of the SEC’s motions for partial summary judgment against BankAtlantic, now known as BBX Capital Corp., and its former chairman and CEO Alan B. Levan, on a claim that Levan made certain...
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