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Ray v. Lundstrom et al
Case Number:
8:10-cv-00199
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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November 08, 2012
TierOne Gets Go-Ahead For $3M Investor Settlement
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.
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May 24, 2010
Lurching TierOne Faces Shareholder Class Action
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.