Haven Trust Bancorp, Inc.
Class Period: Dec 31, 2006 to Dec 12, 2008
Lead Plaintiff Deadline: Mar 5, 2010 + Deadline passed
Summary of Case:
A securities class action has been filed against Haven Trust Bancorp, Inc. (Haven Trust" or the "Company") on behalf of all securities purchasers from December 31, 2006 through December 12, 2008, inclusive ("Class Period"), in the United States District Court for the Northern District of Georgia.
The complaint alleges that former directors of Haven Trust violated the federal securities laws and Georgia state law by omitting to disclose to investors that its banking subsidiary engaged in certain improper banking practices which were identified by bank examiners prior to and during the Class Period. Due to significant deterioration of the bank's condition, among other things, the banking subsidiary, Haven Trust Bank, sought receivership with the FDIC on December 12, 2009 and the holding company, Haven Trust, filed for bankruptcy protection on February 23, 2009, damaging investors.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.