Banking and Finance

Recent Posts

FDIC's Latest Failed Bank Lawsuit Includes D&O Insurer Defendant
Posted on 23 Jan 2012 by Kevin M. LaCroix

In the FDIC's latest lawsuit filed in its role as receiver of a failed bank, the FDIC not only named as defendants nineteen former directors and officers of the failed bank, but also included as defendants seventeen of their spouses and the failed... Read More

Why Did the Bank Fail?: Defending Failed Bank Directors and Officers
Posted on 25 Feb 2014 by Kevin M. LaCroix

Since the early stages of the financial crisis, nearly 500 banks have failed across the U.S., and even though we are now well past the peak of the financial crisis, banks continue to fail. Yet during the same time as scores of banks were failing, many... Read More

FDIC's Latest Failed Bank Lawsuit Defendants Include Outside Directors and D&O Insurers; Also, Number of Problem Banks Declines
Posted on 25 Aug 2011 by Kevin M. LaCroix

On August 22, 2011, when the FDIC filed a lawsuit related to the collapse of Silverton Bank, which is Georgia's largest failed bank, the named defendants included not only bank officers that the regulators allege are responsible for the bank's... Read More

FDIC Failed Bank Litigation and the Insured vs. Insured Exclusion
Posted on 9 Nov 2011 by Kevin M. LaCroix

An inevitable part of the current wave of bank failures has been the FDIC's filing of lawsuits against former directors and officers of the failed institutions. And though the FDIC's initiation of this litigation has been gradual, the lawsuits... Read More