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In a verdict handed down on Thursday (111810), a South Florida federal jury found that BankAtlantic violated federal securities laws by making several false statements to investors during the class period
The U.S. District Court in Manhattan recently dismissed a securities class action brought by a proposed class of investors, alleging that the company and two of its senior officers violated Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and SEC Rule 10b-5 by making false or materially misleading disclosures about the company’s risk management and exposure to mortgage-related securities
