Former shareholders of San Antonio's Broadway Bancshares who claim they were shortchanged in a subchapter S conversion will finally have their day in court.

A Bexar County, Tex., court has set a trial date of April 3 for a shareholder lawsuit that has been pending since 1997, when the banking company was converted to a tax-advantaged S corporation. The former shareholders argue that the $67 at which they were forced to sell their shares was less than half of what they were worth.

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