Bank Files Defamation Suit Over Analyst's Report

Law360, New York (July 22, 2008, 12:00 AM EDT) -- BankAtlantic has sued an analyst and his firm for including it in a report about which banks might be the next to fail in the wake of IndyMac's collapse.

The suit, filed Monday in the state court for Broward County, Fla., is seeking damages for defamation and negligence. It accuses analyst Richard Bove and his firm, Ladenburg Thalmann & Co. Inc., of publishing a false report.

“Literally dozens of other analysts and commentators have picked up on the Bove 'analysis,' assumed its legitimacy and passed it...
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