Litigation

Recent Posts

FDIC Files Latest Lawsuit In Its Role As Receiver Of Failed Bank
Posted on 24 Jan 2012 by Kevin M. LaCroix

In the FDIC's latest lawsuit filed in its role as receiver of a failed bank, the FDIC not only named as defendants nineteen former directors and officers of the failed bank, but also included as defendants seventeen of their spouses and the failed... Read More

Failed Bank Investors' Securities Suit Dismissed
Posted on 19 Jan 2011 by Kevin M. LaCroix

On January 14, 2011, in a ruling that could have implications for other failed bank investors' securities class action lawsuits, Northern District of Georgia Judge Charles A. Pannell, Jr . granted defendants' motions to dismiss the securities... Read More

FDIC Pursues Litigation Against Failed Banks - Slowly
Posted on 18 May 2011 by Kevin M. LaCroix

The FDIC's pursuit of litigation against directors and officers of banks that have failed as part of the current round of bank failures has been moving forward, albeit at a deliberate pace. The agency's litigation efforts advanced a couple of... Read More

FDIC's Failed Bank Litigation Could Reach 86 Lawsuits, NERA Economic Consulting Projects
Posted on 6 Jul 2012 by Kevin M. LaCroix

In a May 31, 2012 study of the FDIC failed bank litigation that contains a number of interesting observations and projections, NERA Economic Consulting projects at the current filing rate, the FDIC's failed bank litigation ultimately could total 86... Read More