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 Sues 3 Former Top Executives Of Failed WaMu
Posted on 18 Mar 2011 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Federal bank regulators have sued three former top executives of Washington Mutual, the biggest U.S. bank ever to fail, accusing them of negligence in allowing risky mortgage lending. The Federal Deposit Insurance Corp. filed the... Read More

Tags: mortgage lending , CEO Kerry Killinger , David Schneider , bank failure , Washington Mutual , Federal Deposit Insurance Corp. , Litigation , Wamu , lawsuit , FDIC , Stephen Rotella , Subprime , IndyMac