Litigation

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Former Colonial Bank Executives Agree To Settle Class Action Lawsuit For $10.5 Million
Posted on 17 Aug 2011 by Kevin M. LaCroix

In a settlement that apparently will be funded entirely by D&O insurance, the plaintiffs and 23 former executives of the failed Colonial Bank of Montgomery, Alabama have agreed to settle the class action securities lawsuit that investors filed in... Read More

Tags: securities class actions , Kevin LaCroix , Colonial Bank , O insurance , class action , bank failure , bank , O Diary , Litigation , lawsuit , Settlement , Subprime , Securities

FDIC Files First Lawsuit As Part of Current Wave Against Failed Bank Accountants
Posted on 9 Nov 2012 by Kevin M. LaCroix

On November 1, 2012, in what is the first lawsuit the FDIC has filed as part of the current bank failure wave against a failed bank's accountants, the FDIC, as receiver for the failed Colonial Bank, has filed an action in the Middle District of Alabama... Read More

Tags: Kevin LaCroix , Pricewaterhouse Coopers , Crowe Horwath , Colonial Bank , failed bank accountants , securities litigation , Litigation , FDIC , D&O Diary , Securities