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 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
One of the perennial D&O insurance coverage questions is whether or not subsequent claims are "interrelated" with a prior claim and therefore deemed first made at the time of the prior claim. This question can be particularly critical when...
With one lone exception , the FDIC has not yet itself pursued litigation against the directors and officers of a failed financial institution. However, the FDIC has already made it clear that it intends to assert its rights under FIRREA as the receiver...