BankAtlantic Can't Shake Accounting Claims In Fraud Suit

Law360, New York (December 10, 2012, 9:17 PM EST) -- A Florida federal judge Friday kept intact a suit accusing BankAtlantic Bancorp Inc. of hiding problems in its commercial real estate portfolio from investors in the early stages of the financial crisis, refusing to slash two claims connected to the company's accounting practices.

U.S. District Judge Robert N. Scola Jr. denied the financial firm's partial motion to dismiss, which sought to eliminate two counts of the U.S. Securities and Exchange Commission's complaint accusing BankAtlantic of failing to have the proper controls in place to allow the...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. BankAtlantic Bancorp, Inc. et al


Case Number

0:12-cv-60082

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

Darrin P. Gayles

Date Filed

January 18, 2012

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.