Doral, Florida, USA – January 1, 2022: U.S. Century Bank headquarters in Doral, Florida, USA. U.S. Century Bank is an American community bank. (Credit: JHVEPhoto/Adobe Stock) Kozyak Leads Shareholder Class Action in Miami Against U.S. Century Bank Directors
"What we see lately is more of an effort to buy those local businesses by out-of-state people, who are actually moving here or temporarily moving here, for ulterior motives, with no intentions of growing roots here," said Jorge Piedra, a partner at Kozyak Tropin & Throckmorton.
July 06, 2023 at 03:00 PM
4 minute read
U.S. Century Bank shareholders filed a $30 million federal class action in Miami over allegations current and former corporate directors allegedly committed a breach of fiduciary duty to enrich themselves and the "out-of-state people" at the private equity funds they represent that hold the financial institution's preferred stock, allegedly at the expense of the community they serve.
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