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Recent Posts

D&O Insurance: Insured vs. Insured Exclusion Applicability to FDIC Failed Bank Claim Held Ambiguous
Posted on 13 Oct 2014 by Kevin M. LaCroix

As I have previously noted on this blog, one of the recurring D&O insurance coverage issues arising during the latest bank failure wave has been the question whether the Insured vs. Insured Exclusion precludes coverage for claims brought by the FDIC... 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

Meanwhile, Back at the FDIC Failed Bank Litigation Ranch
Posted on 29 Jul 2015 by Kevin M. LaCroix

As the global financial crisis has receded further into the past and as other issues have crowded to the top of the agenda, the remaining vestiges from the credit crisis have faded into the background. But though the peak of the crisis is now nearly seven... Read More

D&O Insurance: Insured vs. Insured Exclusion Unambiguously Precludes Coverage for FDIC Failed Bank Lawsuit
Posted on 16 Sep 2013 by Kevin M. LaCroix

One of the recurring D&O insurance coverage issues that has arisen during the current wave of failed bank litigation has been the question whether coverage for an action by the FDIC in its role as receiver of a failed bank against a failed bank’s... Read More

A Closer Look at an FDIC Failed Bank Lawsuit Settlement
Posted on 2 Apr 2015 by Kevin M. LaCroix

According to the FDIC’s website ( here ), as of March 24, 2015, 44 of the 106 failed bank lawsuits the agency has filed have settled. So there is nothing particularly newsworthy about the fact that the parties to another one of the failed bank lawsuit... Read More