April 15, 2022
A group of investors announced that it has settled a federal shareholder suit against a central Pennsylvania bank over its alleged lack of diligence in giving out an $8 million loan secured by a fake Ferrari race car, days after the bank announced it would undertake reforms including giving the investors a seat on its board.
March 18, 2022
Shareholders of a Pennsylvania bank are suing for access to its books after they claim the bank improperly loaned out $8 million secured by a classic Ferrari that turned out to be a fake.