Wednesday, September 28, 2022 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

CHICAGO - PrivateBancorp handed bonuses to more than 100 executives after inflating its share price by misrepresenting its risky and nonperforming loans, and the stock price fell by 37 percent when the truth came out, the City of New Orleans Employees' Retirement System claims in a federal class action.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.