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Lawsuit offers a painful look at Advanta's collapse

Peggy Randall, co-owner of a cafe in Hoboken, N.J., cheered the Federal Deposit Insurance Corp.'s effort this week to win $219 million in damages from executives Dennis J. Alter and William A. Rosoff in the collapse of Advanta Bank Corp.

Dennis J. Alter faces a lawsuit seeking $219 million, along with William A. Rosoff. (David Swanson / Staff Photographer)
Dennis J. Alter faces a lawsuit seeking $219 million, along with William A. Rosoff. (David Swanson / Staff Photographer)Read more
    by Harold Brubaker, Inquirer Staff Writer
    Published