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Class Cert. Denied In BankAtlantic ERISA Suit

Law360, New York (July 29, 2009) -- A former employee of BankAtlantic Bancorp Inc. has lost her bid for class certification in a suit accusing the financial services holding company of failing to inform retirement plan participants of the true value of the company's stock.

In a ruling issued Tuesday, Judge Ursula Ungaro of the U.S. District Court for the Southern District of Florida said the proposed class definition was overly broad and unworkable, in...

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