June 02, 2011
An Illinois federal judge on Thursday signed off on a $10 million settlement to resolve a shareholder class action accusing former directors of bankrupt real estate lender Corus Bankshares Inc. of misrepresenting its finances during the housing crisis.
May 17, 2011
Former directors of bankrupt Corus Bankshares Inc. have agreed to pay $10 million to settle a putative shareholder class action in Illinois alleging the real estate lender misrepresented its finances during the housing crisis, according to court papers filed Tuesday.