U.S. District Court for the Eastern District of New York in Brooklyn. Photo: Monika Kozak/ALM Class Action Suit Against Signature Bank, Former Executives Filed in Brooklyn Federal Court
The lawsuit, which accuses officers of making false statements that artificially inflated the value of its securities, is believed to be the first civil suit filed against the bank.
March 14, 2023 at 05:30 PM
3 minute read
Banking and Finance Laws
The original version of this story was published on New York Law Journal
Signature Bank was hit with a class-action suit Tuesday in the Eastern District of New York, two days after it was closed by regulators amid a tumultuous week in the banking world.
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