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...
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