Mealey's Banking & Finance - Federal Judge Denies Motion To Reconsider Fraud Action

Mealey's Banking & Finance - Federal Judge Denies Motion To Reconsider Fraud Action

NEW ORLEANS - A federal judge in Louisiana on April 9 denied a consumer's motion to reconsider the dismissal of a suit alleging that the Federal Deposit Insurance Corp. and others caused him to lose $84,000 by allowing funds to be fraudulently transferred from his account, finding that he "presents no new evidence or change in law" (Joseph Grubaugh v. Central Progressive Bank, et al., No. 13-3045, E.D. La.; 2014 U.S. Dist. LEXIS 49077).

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