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Bank OZK of Little Rock has agreed to pay $45 million to settle a class-action lawsuit alleging that it misled investors about the health of two commercial real estate loans.
The bank in April reached an agreement in principle with the lead plaintiff in the case, Strathclyde Pension Fund of Glasgow, Scotland. U.S. District Judge D.P. Marshall Jr. in June granted a preliminary motion to approve the settlement and set a hearing...