Federal Judge Says FDIC Properly Denied Deposit Insurance Claim

CHICAGO - A federal judge in Illinois on June 27 dismissed a borrower's challenge to the Federal Deposit Insurance Corp.'s denial of deposit insurance, finding that the FDIC "had a rational basis" to deny the claim (Village of Sugar Grove v. Federal Deposit Insurance Corp., et al., No.10-3562, N.D. Ill.; 2013 U.S. Dist. LEXIS 90335).

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