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Stock Incentives for Rainmakers Cement $104M Merger
Creative structuring to keep talent on board proved to be what wheedled the deal for the acquisition of Florham Park's Ryan Beck & Co.Lawyers' Fund for Client Protection List of Ineligible Attorneys
Notice to the bar.Attorney says transcript shows BankAtlantic CEO Alan Levan hid problems
An attorney representing BankAtlantic Bancorp shareholders bombarded the banking company's chairman and chief executive officer with questions, contending Alan Levan did not publicly express his true concerns about the quality of loans hurt by the real estate collapse.Justice Watch: BankAtlantic verdict to buoy suits against big banks
Since enactment of the Private Securities Litigation Reform Act, attorneys in the field say only about 12 cases have gone to trial in 15 years. But some legal observers say last week's verdict in a securities fraud class action against BankAtlantic Bancorp may nudge that door open a little bit as plaintiff attorneys look to capitalize on the nation's appetite for holding financial institutions accountable for the recession. "It is certainly going to be a blueprint for plaintiffs attorney to look at," said former Securities and Exchange Commission attorney Richard Serafini, who is now of counsel for Ruden McClosky in Fort Lauderdale.Steven Hayworth out as CEO of Gibraltar Bank
Steven Hayworth, who founded Gibraltar Private Bank & Trust Co. in 1994, was replaced by Adolfo Henriques, formerly vice chairman, president and chief operating officer of the Coral Gables-based bank.3rd Circuit Tosses $33 Mil. Verdict Against Bank, Broker
Dealing a huge setback to the victims of the $1 billion Ponzi scheme operated by Chester County businessman Robert L. Bentley, a federal appeals court yesterday overturned a jury's verdict of more than $32.7 million against a bank and a broker accused of helping Bentley to keep the scheme alive.Miami Gardens says county owes $20 million from tax fund
Tired of waiting, Miami Gardens officials halted negotiations and sued Miami-Dade County for more than $20 million it claims the municipality is owed under a tax-funded transportation plan. The lawsuit represents the latest blow to a program deemed by many as an overstated promise and labeled a "bait-and-switch" by critics.Trending Stories
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