Michigan Bank, Pension Fund Settle $12.5M Securities Row

By Alexis Shanes (April 19, 2021, 1:29 PM EDT) -- Sterling Bancorp Inc. has agreed to pay $12.5 million to end a proposed class action claiming it artificially inflated stock and violated federal securities laws, wrapping up a short-lived but complex case led by a state pension fund, the class told a Michigan federal court....

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