A federal jury on Monday ruled in Fort Lauderdale banker Alan Levan’s favor on all claims filed by the Securities and Exchange Commission.
The SEC alleged Levan had misled investors about the health of certain real estate loans in Fort Lauderdale-based BankAtlantic’s portfolio leading into the recession. The agency also claimed Levan’s company BBX Capital Corp., which sold the bank in 2012, failed to properly account for loans in public disclosures.
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