Federal Judge Dismisses 3 Suits Against FDIC As Failed Bank's Receiver

Federal Judge Dismisses 3 Suits Against FDIC As Failed Bank's Receiver

DENVER - A federal judge in Colorado on March 25 granted motions by the Federal Deposit Insurance Corp., as the receiver for a failed bank, to dismiss three consolidated suits related to a $17 million real estate loan in part because the banks that filed the suits did not first exhaust their claims with the FDIC (FirsTier Bank, Kimball, Nebraska v. Federal Deposit Insurance Corp., et al., No. 11-3231, Adams Bank & Trust v. FirsTier Bank, Louisville, Colorado, et al., No. 12-0240, Adams Bank & Trust v. Federal Deposit Insurance Corp. (FirsTier Bank), et al., No. 11-3404, D. Colo.; 2013 U.S. Dist. LEXIS 41311).

Find full version on lexis Advance®
Access this news story on lexis.com®