SunTrust Banks, Incorporated : SunTrust Capital IX 7.875% Trust Preferred Securities

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SunTrust Banks, Incorporated : SunTrust Capital IX 7.875% Trust Preferred Securities Summary: According to the complaint filed May 4, 2009, the Company pursuant and/or traceable to a false and misleading registration statement and prospectus issued in connection with the Company's February 2008 initial public offering of the Securities.

The true facts which were omitted from the Registration Statement were: (a) The Company's assets, including loans and mortgage-related securities were impaired to a greater extent than the Company had disclosed; (b) Defendants failed to properly record losses for impaired assets; (c) The Company's internal controls were inadequate to prevent the Company from improperly reporting its impaired assets; and (d) The Company's capital base was not as well capitalized as it had represented.

On June 8, 2009, the plaintiff filed a notice voluntarily dismissing the claims without prejudice against PricewaterhouseCoopers LLP. On August 27, 2009, Judge William S. Duffey, Jr. signed the order consolidating several related class actions into the first filed case, Belmont Holdings Corp. v. SunTrust Banks, Inc., et al, Civil Action No. 1:09-cv-1185-WSD.

On September 29, 2009, Judge William S. Duffey, Jr., signed the Opinion ad Order granting the Belmont Holdings Corp.’s Motion for Consolidation, Appointment as Lead Plaintiff and Approval of its Selection of Lead Counsel. Plaintiff Belmont Holdings Corp. is appointed lead plaintiff and that Coughlin Stoia Geller Rudman & Robbins LLP are approved as lead counsel. On November 30, 2009, the lead plaintiff filed a Consolidated Complaint. On January 29, 2010, the defendants filed several motions to dismiss the Consolidated Complaint.

On September 10, 2010, Judge William S. Duffey granted the motions to dismiss and gave plaintiffs leave to file an amended complaint on or before October 8, 2010. The plaintiffs filed their First Amended Consolidated Complaint on October 8th. The defendants responded by filing motions to dismiss on March 21, 2011.

On September 7, 2011, Judge William S. Duffey, Jr., denied certain motions to dismiss and granted in part and denied in part Defendant Ernst & Young LLP's motion to dismiss. It was granted to the extent Plaintiff makes any claims under GAAP or GAAS, or for inadequate internal controls, that are related to representatives other than those concerning the ALLL, loan loses, and Provision. The Motion was denied otherwise.

INDUSTRY CLASSIFICATION:
SIC Code: 6189
Sector: Financial
Industry: Regional Banks

COMPANY/ISSUER NAME:	SunTrust Banks, Incorporated
COMPANY/ISSUER TICKER:	STIZ
COMPANY WEBSITE:	https://www.suntrustrh.com/

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Belmont Holdings Corporation, et al. v. SunTrust Banks, Incorporated, et al.

COURT: N.D. Georgia	DOCKET NUMBER: 09-CV-01185
JUDGE NAME: Hon. Thomas W. Thrash, Jr
DATE FILED: 05/04/2009	SOURCE:
CLASS PERIOD START: 02/27/2008	CLASS PERIOD END: 01/22/2009
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Coughlin Stoia Geller Rudman & Robbins LLP (Atlanta) 3424 Peachtree Road, NE, Suite 1650, Atlanta, GA, 30326 (voice) 404.504.6500, (fax) 404.504.6500, Coughlin Stoia Geller Rudman & Robbins LLP (San Diego) 655 West Broadway, Suite 1900, San Diego, CA, 92101 (voice) 619.231.1058, (fax) 619.231.7423, info@csgrr.com/ Law Offices of Bernard M. Gross (Philadelphia) John Wanamaker Building; 100 Penn Square East, Suite 450, Philadelphia, PA, 19107 (voice) 215.561.3600, (fax) 215.561.3600, susang@bernardmgross.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Complaint For Violation Of The Federal Securities Laws
Type: Complaint		Date on the document: 05/04/2009
Notice Of Dismissal Without Prejudice Of Claims Against PricewaterhouseCoopers LLP
Type: Notice		Date on the document: 06/08/2009
Order to Consolidate
Type: Order of Consolidation		Date on the document: 08/27/2009
Opinion and Order
Type: Order of Consolidation		Date on the document: 09/29/2009

REFERENCE COMPLAINT

Belmont Holdings Corporation, et al. v. SunTrust Banks, Incorporated, et al.

COURT: N.D. Georgia	DOCKET NUMBER: 09-CV-01185
JUDGE NAME:
DATE FILED: 10/08/2010	SOURCE:
CLASS PERIOD START: 02/27/2008	CLASS PERIOD END: 01/22/2009
TYPE OF COMPLAINT: First Amended and Consolidated
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Coughlin Stoia Geller Rudman & Robbins LLP (Atlanta) 3424 Peachtree Road, NE, Suite 1650, Atlanta, GA, 30326 (voice) 404.504.6500, (fax) 404.504.6500, Coughlin Stoia Geller Rudman & Robbins LLP (San Diego) 655 West Broadway, Suite 1900, San Diego, CA, 92101 (voice) 619.231.1058, (fax) 619.231.7423, info@csgrr.com/ _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE REFERENCE COMPLAINT
Consolidated Complaint for Violation of the Federal Securities Laws
Type: Complaint		Date on the document: 11/30/2009
Opinion And Order
Type: Order		Date on the document: 09/10/2010
First Amended Consolidated Complaint For Violation Of The Federal Securities Laws
Type: Complaint		Date on the document: 10/08/2010
Opinion and Order
Type: Order		Date on the document: 09/07/2011
U.S. District Court Civil Docket
Type: Docket		Date on the document: 09/07/2011

OTHER DOCUMENTS
Class Action Complaint
Case Name and/or Number: American European Insurance Company v. Suntrust Banks, et al.
Type: Complaint		Date on the document: 05/15/2009
Class Action Complaint for Violation of the Federal Securities Laws - Demand for Jury Trial
Case Name and/or Number: Edward Zevin, D.O., et al. v. SunTrust Banks, Incorporated, et al.
Type: Complaint		Date on the document: 06/02/2009

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