Pharma Investments, Ventures & Law Weekly
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Donaldson & Guin, Llc
Donaldson Guin Seeks to Recover Losses for Purchasers of Colonial Bancgroup, Inc. Stock
March 8th, 2009
Donaldson & Guin, LLC (www.donaldsonguin.com) has filed a class action suit in the U.S. District Court for the Middle District of Alabama against Colonial Bancgroup, Inc. ("CNB" or the "Company") (NYSE:CNB) and certain of its officers alleging violations of the Securities Exchange Act of 1934 on behalf of anyone who purchased the common stock of CNB between December 2, 2008 and January 27, 2009 (the "Class"). The Complaint alleges that on December 2, 2008, CNB represented that it would receive $550 million from the U.S. Treasury Department in connection with the Troubled Asset Relief Program ("TARP"). The Complaint further alleges that on January 27, 2009, the Company...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-08)
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