Coughlin Stoia Geller Rudman & Robbins LLP said it filed a class action lawsuit against Franklin Bank Corp. (FBTX) on behalf of an institutional investor representing purchasers of Franklin's common stock from April 26, 2007 to May 1, 2008.
The complaint alleged that Franklin and some of its officers and directors have violated the Securities Exchange Act by issuing materially false and misleading statements regarding the company's business and financial results during the Class Period. Because of these false statements, Franklin's stock traded at artificially inflated prices during the period.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.