Recent Posts

When the Business Judgment Rule Isn't Available to Protect Directors
Posted on 16 Jul 2013 by Kevin M. LaCroix

A recurring issue in the litigation the FDIC has filed against the directors and officers of failed banks is the question of whether or not officers – as opposed to directors – can rely on the business judgment rule as a defense under applicable... Read More

Failed NC Bank Execs Granted Summary Judgment on All FDIC Claims
Posted on 16 Sep 2014 by Kevin M. LaCroix

On September 11, 2014, in a sharply worded order that will give heart to the FDIC’s many other failed bank litigation targets, Eastern District of North Carolina Judge Terrence Boyle, applying North Carolina law, granted the summary judgment motion... Read More