First Regional Bancorp FRGB Stock Purchasers File Securities Class Action Lawsuit Against First Regional Bancorp Over Alleged Failure To Disclose Loan Losses.
A securities class action lawsuit was filed against First Regional Bancorp (FRGB) on behalf of purchasers First Regional Bancorp common stock during the period from January 1, 2007 through January 29, 2010, alleging that First Regional Bancorp violated federal securities laws by failing to disclose bad loans and by failing to make adequate provisions for loan losses, according to a securities class action lawsuit news report.
The Federal Deposit Insurance Corporation FDIC reportedly closed down First Regional Bancorp’s operations on January 29, 2010.
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