Mealey's Bankruptcy - 9th Circuit: $55 Million In Tax Refunds Belong To Estate Of IndyMac Bancorp

SAN FRANCISCO - A panel of the Ninth Circuit U.S. Court of Appeals on April 21 affirmed a bankruptcy court that held that $55 million in tax refunds belonged to the bankruptcy estate of IndyMac Bancorp Inc. rather than the Federal Deposit Insurance Corp. (Federal Deposit Insurance Corporation v. Alfred H. Siegel [In The Matter of: IndyMac Bancorp Inc.], No. 12-56218, Chapter 7, 9th Cir.; 2014 U.S. App. LEXIS 7442).

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