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Lawsuit Overview
<p> </p> <p>According to a press release dated October 29, 2007, the Complaint alleges that BankAtlantic, and certain of its officers and directors, violated the Securities Exchange Act of 1934. At the start of the Class Period, BankAtlantic touted its ‘negative provision for loan losses.’ Nevertheless, BankAtlantic materially understated reserves for real estate loa...
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