Lawsuit Filed Against Former Directors Of Alpha Bank & Trust

Feb. 18, 2010 - PRLog -- The Complaint alleges that the Defendants negligently misrepresented to the Plaintiffs, including failing to timely disclose, important information concerning certain material adverse events that ultimately led to Alpha's failure. The Complaint further avers that as a result of Defendants' conduct, Plaintiffs continued to hold their respective investments in Alpha which became worthless when the adverse information finally was disclosed and Alpha subsequently failed.  

The case is styled:    
Steven J. Anderson et al. v. James A. Blackwell et al.; Superior Court of Cobb County, Georgia; Civil Action File No. 10-1-1528-28

Alpha Bank & Trust was closed by the Georgia Department of Banking and Finance on October 24, 2008.

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Henry A. Turner leads Turner Law Offices, an experienced civil practice law firm specializing in Failed Bank Litigation, Multi-Level Marketing Litigation, Business Litigation, and Consumer Rights Litigation. Mr. Turner was a Banker for 17 years including, in 1990, being an Organizer and Director of a new Community Bank located in the Buckhead area of Atlanta, Georgia. Mr. Turner has over 18 years experience as a Trial Lawyer. Judge R. Keegan Federal, Jr., senior partner and founder of Federal & Hasson, LLP, is a seasoned lawyer specializing in litigation and dispute resolution throughout a wide range of practice areas. Previously, he served as an elected Judge of the Superior Court of DeKalb County, Georgia, presiding over major civil cases, felony criminal trials, and domestic matters.