Frontier Hid Bad Commercial Real Estate Loans: Suit

Law360, New York (April 23, 2010, 1:18 PM EDT) -- Frontier Financial Corp. and four of its executives have been hit with a securities class action accusing the bank of hiding the volume of bad commercial real estate and other loans on its books.

The complaint was lodged Thursday in the U.S. District Court for the Western District of Washington on behalf of those who bought Frontier Financial stock between July 22, 2008, and March 16, 2010, against the bank and current chairman and CEO Patrick M Fahey, former CEO John J. Dickson, former CEO Michael...
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