HARTFORD, Conn. -- Investors seeking a class action have filed a lawsuit against 26 bankers and a top accounting firm claiming fraud at Security Savings and Loan Association of Waterbury and related banks.

The lawsuit, filed Thursday in U.S. District Court, contends that bank executives lent each other millions of dollars for risky ventures. The improper loans weakened the institutions and contributed to the failures of six, the lawsuit contends, thereby defrauding thousands of investors.

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