Recent Posts

Florida Federal Judge Says Bank Directors Not Liable For Ordinary Negligence In Failed Bank Lawsuit
Posted on 20 Aug 2012 by Kevin M. LaCroix

A federal court has ruled in the only FDIC failed bank lawsuit pending in Florida that directors cannot be liable for ordinary negligence under Florida law. On August 8, 2012, Middle District of Florida Judge Gregory Presnell granted the motion of the... Read More

The Week In Securities Litigation: DOJ Files Significant Market Crisis Case Against Rating Agency
Posted on 9 Feb 2013 by Thomas O. Gorman

The Department of Justice filed one of the most significant market crisis cases this week against a major rating agency as a defendant. The case centers on years of false statements about ratings given to RMBS and CDOs, according to the complaint, as... Read More

A Failed Bank, A Lawsuit, And Some Interesting Questions
Posted on 30 Jul 2010 by Kevin M. LaCroix

Though 268 banks have failed since January 1, 2008, there has been relatively little litigation related to the failed banks, as least so far. For example, the FDIC only recently filed its first action against former directors and officers of a failed... Read More