Getting your player ready...
Denver-based Dyer & Berens said Monday it has filed a class-action lawsuit against United Western Bancorp on behalf of investors who relied on what it claims were false and misleading statements in a prospectus for an $80 million stock offering in September 2009.
The law firm claims the bank’s mortgage-related investments were much more impaired than the company disclosed to investors. Those impairments reduced the bank’s capital and contributed to a decision by regulators to seize United Western Bank, the company’s chief holding, in January 2010, the lawsuit says.
