Riggs Chairman and CEO Robert Allbritton announces resignation
(snip)PNC agreed last week to pay nearly $4 million to settle a class-action lawsuit by Riggs Bank shareholders, brought against current and former members of the bank's board, alleging that Riggs stock plunged because of the actions of board members. The suit accused the board of having a role in money laundering at Riggs in the year before the merger proposal by PNC.
Riggs, accused by banking regulators of failing to report suspicious transactions in accounts held by Saudi diplomats in Washington, still faces private lawsuits related to Saudi Arabia and the 2001 terrorist attacks, and another that alleges racketeering.(snip)
http://www.zwire.com/site/news.cfm?newsid=14099642&BRD=2212&PAG=461&dept_id=465812&rfi=6
Russian Immigrants Killed In Wheeling Attack
Police Question Two Men In Connection With Slayings
WHEELING, Ill. -- Two men were found dead in Wheeling just after midnight Monday morning. At least one of them was shot to death, but police would not say how the second man died. (snip)
http://www.nbc5.com/news/4258951/detail.html?z=dp&dpswid=2265994&dppid=65194
Background on Riggs
http://goexcelglobal.com/NJ_DefenseForce/ea2003-79.pdf
http://goexcelglobal.com/NJ_DefenseForce/5046.pdf