April 25, 2011
A Florida federal judge on Monday overturned a jury's verdict that BankAmerica Bancorp Inc. should pay damages because its executives misled investors about the risk in the company's $530 million loan portfolio.
November 18, 2010
A federal jury has found that BankAtlantic Bancorp Inc. failed to disclose the extent of risk in its troubled loan portfolio in what the plaintiffs' attorney said was the first securities class action sparked by the financial crisis to go to trial.