FDIC Sues Former Officers, Directors Of N.C. Bank To Recover $6.8M In Losses

CHARLOTTE, N.C. - The Federal Deposit Insurance Corp. (FDIC) sued seven former officers and directors of a failed North Carolina bank in North Carolina federal court on Dec. 29, alleging that the defendants breached their fiduciary duties by approving loans that ultimately led to the bank's failure (Federal Deposit Insurance Corp., as Receiver of The Bank of Asheville, v. G. Gordon Greenwood, et al., No. 11-00337, W.D. N.C.). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com