Brief: Independent Bank Group Agreed To A Settlement In Principle Relating To Receivership Litigation Involving Stanford International Bank
27/02/2023 14:11
Feb 27 (Reuters) - Independent Bank Group Inc IBTX.O :
* AGREED TO A SETTLEMENT IN PRINCIPLE RELATING TO
RECEIVERSHIP
LITIGATION INVOLVING STANFORD INTERNATIONAL BANK, LTD
* AS RESULT OF ENTRY INTO SETTLEMENT, BANK EXPECTS TO
RECOGNIZE
$100 MILLION LITIGATION SETTLEMENT EXPENSE DURING Q1 2023
Further company coverage: IBTX.O
((Reuters.Briefs@thomsonreuters.com))
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