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Judge Clears $12.5M Deal In NetBank Investors' Suit

By Roxanne Palmer ( November 9, 2011, 4:37 PM EST) -- A Georgia federal judge on Wednesday approved a $12.5 million settlement in a class action targeting online bank NetBank Inc. and executives for allegedly defrauding investors by not disclosing the bank's true condition before its takeover by federal regulators and subsequent liquidation....

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