The lawsuit was filed on behalf of purchasers of the company’s common stock between April 30, 2007 and January 2, 2008.
The complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning National City’s business and financial performance, thereby artificially inflating the price of National City’s securities.
The class action lawsuit was filed in the United States District Court for the northern district of Ohio.
