Case Page

 

Case Status:    DISMISSED    
On or around 01/14/2011 (Court's order of dismissal)

Filing Date: December 31, 2009

According to a press release dated January 4, 2010, Haven Trust was a bank holding company that owned and operated Haven Trust Bank located in Duluth, Georgia. The complaint alleges that former directors of Haven Trust violated the federal securities laws and Georgia state law by omitting to disclose to investors that its banking subsidiary engaged in certain improper banking practices which were identified by bank examiners prior to and during the Class Period. Due to significant deterioration of the bank's condition, among other things, the banking subsidiary, Haven Trust Bank, sought receivership with the FDIC on December 12, 2009 and the holding company, Haven Trust, filed for bankruptcy protection on February 23, 2009, damaging investors.

On March 18, 2010, the Court issued an order for lead plaintiff and co-lead counsel in this proceeding.

On May 17, 2010, an Amended Complaint for Violation of The Federal Securities Laws was filed by the lead plaintiff against the defendants.

On January 14, 2011, the Court Granted the defendants’ motion to dismiss this case.

COMPANY INFORMATION:

Sector: Financial
Industry: Misc. Financial Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: Privately Traded
Market Status: Privately Held

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Georgia
DOCKET #: 09-CV-03684
JUDGE: Hon. Charles A. Pannell, Jr
DATE FILED: 12/31/2009
CLASS PERIOD START: 12/31/2006
CLASS PERIOD END: 12/12/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  2. Gorby, Peters & Associates, LLC
    Two Ravinia Drive, Suite 1500, Gorby, Peters & Associates, LLC, GA 30346-2104
    404.239.1150 404.239.1179 · mgorby@gorbypeters.com
No Document Title Filing Date
COURT: N.D. Georgia
DOCKET #: 09-CV-03684
JUDGE: Hon. Charles A. Pannell, Jr
DATE FILED: 05/17/2010
CLASS PERIOD START: 04/01/2006
CLASS PERIOD END: 12/12/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berger & Montague PC
    1622 Locust Street, Berger & Montague PC, PA 19103
    800.424.6690 215.875.4604 · investorprotect@bm.net
  2. Gorby, Peters & Associates, LLC
    Two Ravinia Drive, Suite 1500, Gorby, Peters & Associates, LLC, GA 30346-2104
    404.239.1150 404.239.1179 · mgorby@gorbypeters.com
No Document Title Filing Date