On December 21, 2011 the Office of the Comptroller of the
Currency ("OCC"), Board of Governors of the Federal Reserve System ("Board"),
and Federal Deposit Insurance Corporation ("FDIC") (collectively, the
In its latest failed bank lawsuit, the FDIC, in its
capacity as receiver of the failed County Bank of Merced, California, has filed
a complaint against five former officer of the bank. The FDIC's complaint was
filed in the United States District...
The FDIC's latest Quarterly Banking Profile for the
period ending December 31, 2011, released February 28, 2012 ( here ), reflects a generally
improving banking landscape and a continuing reduction in the number of problem
institutions. But though...
When the FDIC released its Quarterly Banking Profile for
the fourth quarter 2010, it included a statement from
FDIC Chairman Sheila Bair that the agency believes "the number of failures
peaked in 2010." However, at least through the end of...
by Calvin Z. Cheng, Melissa D. Beck, Kenneth
E. Kohler and Jerry R. Marlatt
Recent weeks have seen a number
of legal, regulatory and political developments in the realm of asset
securitization, culminating for the moment on September 27 with the issuance...
Ronald Glancz of Venable LLP talks about the kinds of claims has seen filed against banks and their directors.
Videocast provided by HB Litigation Conferences. Find out more by about HB Litigation Conferences and their video and audio packages by going...
The FDIC has authorized more than 50 lawsuits against
former directors and officers of failed banks, according to an October 8, 2010 Bloomberg article . But merely
because the lawsuits have been authorized does not necessarily mean we will see
Possibly as a result of a barrage of recent press
criticism for its nonpublic settlements, the FDIC has launched a page on its
website to publish details regarding the settlements it has reached in failed
bank claims. The page, which can be found here...
One of the many distinctive traits of the litigation that
surrounded the S&L crisis in the late 80s and early 90s was the plethora of
lawsuits between the FDIC (and other federal banking regulators), on the
one hand, and the failed banks' insurers...
On December 29, 2011, in what appears to have been the final year-end step as the FDIC ramped up its failed bank litigation activity during 2011, the FDIC filed a civil lawsuit in the Western District of North Carolina in is capacity as receiver of The...
The FDIC has been one of the more active regulatory
agencies in the arena of director and officer liability. And the recent
and ongoing banking crisis has given the FDIC the opportunity to not only
pursue actions against directors and officers, but...
The improvement in the banking sector continued in the
first quarter of 2013, according to the FDIC's Quarterly Banking Profile for
the first quarter of 2013, which the agency released on May 29, 2013. A copy of
the Quarterly Banking Profile can...
According to the latest update on the FDIC's website, the
pace of the agency's filing of failed bank lawsuits picked up considerably in
the last month. According to the agency's website ( here ),
which the agency updated on May 22, 2013...
Though the current bank failure wave has been rolling for
several years now and though there have been over 425 bank
closures during that period , the much anticipated FDIC failed bank
litigation has been slower to gain momentum - that is, perhaps...
On October 25, 2011, the FDIC filed its latest failed
bank lawsuit, in connection with events surrounding the July 2009
failure of Mutual Bank of Harvey, IL . The FDIC's
complaint , which was filed in the Northern District of Illinois, names as...