In re First Bancorp Securities Litigation

November 11, 2009

In re First Bancorp Securities Litigation, D.P.R. Civ. No. 3:05-cv-02148-PG, Zwerling Schachter was co-lead counsel in this securities fraud class action involving sham mortgage sales transactions between Puerto Rico banks.  Zwerling Schachter achieved a $74.25 million settlement in less than eighteen months of litigation.