November 08, 2012
A Nebraska federal judge on Thursday signed off on a final settlement worth $3.1 million, ending a shareholder class action against now-defunct TierOne Corp. and its top brass over allegations that the bank had concealed the fact that delinquent loans left it undercapitalized.
May 24, 2010
Already under regulatory supervision and delisted from Nasdaq, TierOne Corp. now faces a shareholder lawsuit alleging it defrauded investors by concealing the fact that delinquent loans left the bank precariously undercapitalized.