11th Circ. Rejects Insurer's Cross-Appeal In Row With FDIC

Law360, Los Angeles (January 8, 2014, 9:14 PM EST) -- The Eleventh Circuit on Tuesday shut down St. Paul Mercury Insurance Co.’s bid for new arguments in a dispute over whether it has to indemnify bank directors and officers in suits brought by the Federal Deposit Insurance Corp., saying the insurer lacked standing to cross-appeal.

The three-judge panel threw out the cross-appeal in a one-page decision that included a longer concurring opinion from U.S. Circuit Judge Beverly B. Martin, who sought to clarify that the order didn’t preclude certain arguments St. Paul had raised previously....
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