Court Preliminarily Approves NetBank Settlement

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On July 27, 2011, the United States District Court for Northern District of Georgia granted preliminarily approval of a $12.5 million cash settlement

 

in In re NetBank, Inc. Securities Litigation, (N.D. Ga. 1:07-cv-2298-TCB). The proposed settlement is on behalf of all persons who purchased the publicly-registered common stock of NetBank, Inc. during the period beginning March 16, 2005 through May 21, 2007, and held those shares on May 21, 2007.