Banking and Finance

Recent Posts

FDIC Lawsuits: Coming Soon to Failed Banks Near You?
Posted on 11 Oct 2010 by Kevin M. LaCroix

The FDIC has authorized more than 50 lawsuits against former directors and officers of failed banks, according to an October 8, 2010 Bloomberg article . But merely because the lawsuits have been authorized does not necessarily mean we will see 50 lawsuits... Read More

Are Bank Directors and Officers Entitled to Less Business Judgment Rule Protection Than Other Corporate Directors and Officers?
Posted on 4 Dec 2013 by Kevin M. LaCroix

Are bank directors and officers sufficiently different from directors and officers of ordinary business corporations that the protections of the business judgment rule available to other directors and officers are not available to protect directors and... Read More

Rogue CFO III – Background Checks
Posted on 29 May 2014 by Sands Anderson PC

by David Carroll Perform Background Checks . It seems obvious. Why would a company not want as much information about a candidate for its CFO position that it can legally obtain? But this oversight is common. Too many smaller companies hire CFOs and... Read More

FDIC Sues Failed Bank's Former Directors and Officers
Posted on 3 Nov 2010 by Kevin M. LaCroix

If the lawsuit filed on Monday is any indication, the long-anticipated FDIC litigation against failed banks may have arrived. On November 1, 2010, the FDIC filed a lawsuit in the Northern District of Illinois against eleven former directors and officers... Read More