October 15, 2018
Lead counsel for an investor that reached a $17 million settlement with Opus Bank over claims it misled investors about the quality of its loans has asked a California federal judge for a fee award of $2.89 million, more than $1 million less than the maximum amount the Cohen Milstein Sellers & Toll PLLC attorneys previously said they would seek.
January 30, 2018
Opus Bank has agreed to pay $17 million to settle investors' claims that the bank and its executives misled them on the quality of its loans, causing its stock to drop by 21 percent, according to court documents filed in California federal court Tuesday.