LexisNexis® Legal Newsroom
Puerto Rican Bank Settles Subprime-Related Securities Suit

According to Popular, Inc.'s January 27, 2011 press release ( here ), the Puerto Rican bank holding company has reached an agreement in principle to settle the subprime related securities lawsuit pending against the company, as well as in the related ERISA lawsuit. The securities suit has settled...

Former Colonial Bank Executives Agree To Settle Class Action Lawsuit For $10.5 Million

In a settlement that apparently will be funded entirely by D&O insurance, the plaintiffs and 23 former executives of the failed Colonial Bank of Montgomery, Alabama have agreed to settle the class action securities lawsuit that investors filed in connection with the bank's 2009 collapse, for...