Quantcast
Home / News Stories / Annual report’s ‘red flags’ support shareholder suit (access required)

Annual report’s ‘red flags’ support shareholder suit (access required)

Shareholders are suing a bank’s directors for not paying sufficient attention to the bank’s annual report. The shareholders’ derivative action alleges the annual report threw up “red flags” that should have allowed the defendants to ward off regulatory action that left the bank paying hundreds of millions of dollars to settle claims of unfair consumer practices. For ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*