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Lawsuit Filed Against Former Directors Of Alpha Bank & Trust |
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By Turner Law Offices, LLC
Dated: Feb 18, 2010
Turner Law Offices, LLC and Federal & Hasson, LLP today announced that a lawsuit has been filed in the Superior Court of Cobb County, Georgia against certain former Directors of the failed Alpha Bank & Trust ("Alpha").
The Complaint alleges that the Defendants negligently misrepresented to the Plaintiffs, including failing to timely disclose, important information concerning certain material adverse events that ultimately led to Alpha's failure. The Complaint further avers that as a result of Defendants' conduct, Plaintiffs continued to hold their respective investments in Alpha which became worthless when the adverse information finally was disclosed and Alpha subsequently failed.
The case is styled:
Steven J. Anderson et al. v. James A. Blackwell et al.;
Superior Court of Cobb County, Georgia;
Civil Action File No. 10-1-1528-28
Alpha Bank & Trust was closed by the Georgia Department of Banking and Finance on October 24, 2008.
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