We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SunTrust Strikes Deal In $14.8M ARS Fight

Law360 (April 14, 2011, 2:28 PM EDT) -- SunTrust Bank and its SunTrust Robinson Humphrey Inc. broker-dealer and investment unit on Tuesday announced the settlement of a holding company's suit in Florida claiming the bank sold it $14.8 million in bad auction-rate securities.

Terms of the settlement between the bank and Hialeah, Fla.-based plaintiff U.S. Holdings Inc. were not disclosed, but the parties told the U.S. District Court for the Southern District of Florida that they were in the process of finalizing it.

In its operative complaint, lodged in May, U.S. Holdings claimed SunTrust...
To view the full article, register now.




Case Information

Case Title

U.S. Holdings, Inc v. Suntrust Bank et al.

Case Number



Florida Southern

Nature of Suit

Fraud or Truth-In-Lending


K. Michael Moore

Date Filed

October 23, 2009

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.