A $5 million settlement has been reached in the securities fraud class action lawsuit filed against First Union National Bank. The bank was accused of aiding and abetting Cyprus Funds, a company that ran a multi-million dollar securities investment scheme. The fraud caused 531 investors, many of whom were Ohio retirees and wealthy Latin Americans, to lose approximately $34 million. (Aug-12-03)
Stay Informed
Get the latest on class action lawsuits, settlements & more! Subscribe to our free weekly newsletter.
Get our Newsletter!
Submit a New Complaint
Been wronged by a similar product or service?
Click here to send us your complaint.
Reader Comments
Posted by
Mary Boynton
on
Mary Boynton
on
This is one of the Banks that. has Money thats owed to my Late Mother Shes deceased and Ive been told that it will be extremely difficult for me to obtain it.
Posted by
Louise Patricia Mullins
on
Louise Patricia Mullins
on
I Have Been Cllecting Disability payments For A Long Time I Had Direct Deposit To First National Bank The Lawyer Sent Me Information That There Is A Settlement Taking Place Can I Get Some Of My Money Back If Not All Of It They Would Let My Account Go Under Charge Me 36.00 Per Day I Ended Up Taking Loans Out To Pay The Bank 4 5 Hundred Dollars That Was Taken When The Funds Where Not There I Had Taken Loans To Ketch Up With My Account But Have Gotten Deeply In Dept
