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Driver Opportunity Partners I LP v. Codorus Valley Bancorp, Inc.
Case Number:
1:22-cv-00399
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April 15, 2022
Pa. Bank Settles Fake Ferrari Loan Suit With Investors
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.
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March 18, 2022
Shareholders Say Pa. Bank Lent $8M Based On Fake Ferrari
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.