2011-08-09 — pittsburghlive.com
``PNC Financial Services Group Inc. said it reached an agreement to pay $168 million to settle a securities fraud lawsuit brought by investors of National City Corp., which the company acquired in 2008. Investors, led by the New York State Common Retirement Fund, sued National City in 2008, claiming the bank misrepresented the extent of losses from mortgages and home equity loans, artificially inflating share value.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.