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02/06/2013 04:51:45 PM EST

Commonwealth Investor Suit Says Execs Hid Financial Woes

Posted by

Law360: Securities

Top executives at Commonwealth Bankshares Inc., the holding company for the now-defunct Bank of the Commonwealth, were hit with a proposed class action Wednesday by an investor who says they fraudulently concealed the bank’s financial information, resulting in the indictment of six insiders. Read More...