Judge Enters Judgment in BankAtlantic Bancorp's Favor in Shareholder Suit (BBX)

BankAtlantic Bancorp, Inc. BBX announced today that the Judge has granted its motion for judgment as a matter of law and entered judgments in favor of the defendants as to all of the plaintiffs claims in the shareholder class action brought against BankAtlantic Bancorp and certain of its directors and executive officers in the United States District Court for the Southern District of Florida. On November 18, 2010, the jury in the lawsuit returned a verdict in favor of shareholders who purchased shares of the Company's Class A Common Stock during the period from April 26, 2007 to October 26, 2007. At that time, the Company stated that it believed that the verdict was contrary to law and would be set aside either by the Court or on appeal.