Jury: BankAtlantic misled investors

BankAtlantic Bancorp misled investors about its banking subsidiary’s financial health as South Florida’s commercial real estate market headed downhill in the recession, a Miami federal jury found today in a shareholder class action. The verdict could be a harbinger for financial institutions around the nation, which, like BankAtlantic Bancorp, rode the real estate wave until it crashed.

By | 2010-11-27T23:45:22+00:00 November 27th, 2010|Uncategorized|Comments Off on Jury: BankAtlantic misled investors