Andrews' Bank & Lender Liability Litigation Reporter
March 8, 2001
Copyright (c) 2001 Andrews Publications
FIRST UNION WINS DISMISSAL OF ‘FRAUD BY HINDSIGHT’ ALLEGATIONS
In re First Union Corp. Sec. Litig.
A federal court in Charlotte, N.C., has dismissed the securities fraud action against First Union Corp., finding that the financial institution did not conceal the difficulties it was encountering with its merger with CoreStates. In a major victory...