||Link to Story
|BankUnited Financial Corp.; Alfred R. Camner; Ramiro A. Ortiz; Humerto L. Lopez
||Waterford Township General Employees Retirement System, individually and on behalf of all others similarly situated
||United States District Court for the Southern District of Florida
||Plaintiffs allege that during the class period Defendants "embarked upon, and implemented, an unlawful strategy for increasing BankUnited’s market value artificially." This unlawful strategy included Defendants’ repeated assurances in public releases, statements, and reports as to BankUnited’s strict credit quality standards, conservative appraisal and underwriting practices, adequate loan loss reserve ratios, and strong capital position. Plaintiffs assert that these representations were misleading, and served to conceal the unsound undertakings that increasingly characterized the Bank’s lending practices.
||Waterford Township General Employees Retirement System v. BankUnited Financial Corporation et al.
||Colonial BancGroup Inc.
||U.S. Bankruptcy Court for the Middle District of Alabama
||Directors of bankrupt bank sought court approval of additional expenditures relating to the cost of legal defense based on numerous lawsuits and governmental investigations arising out of failure of Colonial Bank
||In Re The Colonial BancGroup, Inc.
||Fremont General Corp.
||U.S. Bankruptcy Court for the Central District of California, Santa Ana Division
||Fremont General Corp. filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in June 2008. A reorganization plan has been approved and confirmed whereby Signature Group Holdings LLC will infuse $10.3 million in capital and Fremont's name will change to Signature Group Holdings Inc.
||In re: Fremont General Corporation, a Nevada corporation
||Case No. 8:08-bk-13421
|Taylor Bean & Whitaker Mortgage Corporation; Freddie Mac; Ginnie Mae; Sovereign Bank
||U.S. Bankruptcy Court for the Middle District of Florida
||Former executives of Taylor Bean & Whitaker Mortgage Corp. are accused of improperly taking more than $50 million from the failed company. The company lost its Federal Housing Administration approval in August 2009. Within a few days, new business was suspended and 964 employees were given notice. Taylor Bean filed for relief under Chapter 11 of the US Bankruptcy Code later that month.
||In re:Taylor Bean & Whitaker Mortgage Corp.