Investor sues Smithtown Bancorp
An institutional investor has filed a class-action lawsuit against Smithtown Bancorp Inc. alleging that it engaged in unsafe and unsound banking practices, the investor's law firm said Friday.
Coughlin Stoia Geller Rudman & Robbins Llp said the suit was filed in U.S. District Court for the Eastern District of New York. The class of plaintiffs includes those who bought Smithtown's common stock...
