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Sterling Bancorp to pay $12.5 million to settle Oklahoma Police suit

Sterling Bancorp to pay $12.5 million to settle Oklahoma Police suit Getty Images Sterling Bancorp Inc. agreed to pay $12.5 million to settle a class-action lawsuit filed by the $3.1 billion Oklahoma Police Pension & Retirement System, alleging the bank violated federal securities laws and artificially inflated its stock price. The settlement was approved April 16 in U.S. District Court in Detroit, a court filing shows. The Oklahoma City-based pension fund first filed the class-action lawsuit ...
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