Judge Partially Dismisses Securities Lawsuit Against Bank, Officers, Directors

Judge Partially Dismisses Securities Lawsuit Against Bank, Officers, Directors

SAN FRANCISCO - A federal judge in California on Oct. 30 partially dismissed a court-appointed receiver's lawsuit against a bank for alleged violations of state and federal securities laws, ruling that the receiver failed to state a claim for relief (Thomas A. Seaman v. California Business Bank, et al., No. 13-2031, N.D. Calif.; 2013 U.S. Dist. LEXIS 155919).

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