BankAtlantic Bancorp,
Inc. BBX announced today that Judge Ursula Ungaro has
granted final approval of the settlement that was reached in the shareholder
derivative action that was filed against certain of the Company's directors
and executive officers in the United States District Court for the Southern
District of Florida.
Pursuant to the
terms of the settlement agreement, the parties have exchanged releases and
neither the individual defendants nor the Company will make any monetary
payments.
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