Getting Your Slice Of The Dodd-Frank Liquidation Pie

Law360, New York (June 2, 2011, 12:42 PM EDT) -- Under the new insolvency regime created by Title II of the Dodd-Frank Wall Street and Consumer Protection Act (the "Act"), the Federal Deposit Insurance Corporation (the "FDIC" or the "Receiver") may be appointed as receiver of a financial company if the Secretary of Treasury, in consultation with the president, determines that the financial company is in default or danger of default and the failure of the financial company and its resolution under the Bankruptcy Code or other applicable insolvency regime would have serious adverse effects on...
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