Greenberg Traurig Forks Over $7.6M In Settlement

Law360, New York (January 3, 2007, 12:00 AM EST) -- Greenberg Traurig LLP has agreed to pay the Federal Deposit Insurance Corp. $7.6 million for its alleged role in the massive fraud that led regulators to close Hamilton Bank NA.

The settlement was reached in June, but it was just recently disclosed by the Wall Street Journal.

A spokesman for the FDIC, David Barr, confirmed Wednesday that the $7.6 million settlement had been negotiated.

Though Greenberg did not specifically address the FDIC settlement, it did release a statement concerning a separate agreement with the Office of...
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