A trio of Carolina First Bancorp shareholders have sued the bank and its top executives for allegedly accepting millions of dollars worth of stock from a technology company.

The lawsuit, filed Nov. 4 in a Greenville County, S.C., state court, charged that the $4.8 million worth of stock from Affinity Technology Group Inc. had padded the pockets of bank executives. However, it charged, the company itself, which bought a 23% stake in Affinity, did not profit from its investment.

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