Fired CertusBank executives file lawsuit protesting dismissals
04/23/2014 6:16 PM
04/23/2014 10:07 PM
Three of the co-founders of CertusBank, who were fired earlier this month after investors raised concerns over spending, have filed a federal lawsuit protesting their dismissals.
Milton Jones, Walter Davis and Angela Webb, who are former Bank of America and Wachovia executives, claim that investors made a calculated move to spread false and defamatory information.
Earlier this year, a New York hedge fund manager distributed letters to shareholders in the Greenville, S.C., bank claiming the executives improperly spent money on corporate condos, private jet flights and Carolina Panthers tickets, among other items.
Editor's Choice Videos
Join the Discussion
Charlotte Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.