CertusBank's ousted management team has filed a lawsuit against the Greenville, S.C., bank and one of its investors for allegedly conspiring to have them fired.

The lawsuit, filed in U.S. District Court in South Carolina by the $1.7 billion-asset bank's three founders and former leaders, claims that "several rogue" Certus directors conspired with Benjamin Weinger to destroy the executives' reputation and illegally fire them. The executives were dismissed by the board on April 9 amid allegations of gross mismanagement.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.