NYCB Faces Another Class Action Over CRE Challenges

[Gunnar Larson]

NYCB Faces Another Class Action Over CRE Challenges
<https://www.law360.com/newyork/articles/1797651?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-02-15&read_main=1&nlsidx=0&nlaidx=21>

By Brent Godwin

A New York Community Bank investor has brought a proposed class action
alleging that executives falsely boasted of the bank's financial condition
after making two large acquisitions, when the deals in fact weighed down
its balance sheet and led to a significant dividend reduction.

 Complaint attached | Read full article »
<https://www.law360.com/newyork/articles/1797651?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-02-15&read_more=1&nlsidx=0&nlaidx=21>
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