D&O Insurers Move To Settle IndyMac Fight At 9th Circ.

Law360, New York (February 26, 2014, 3:28 PM EST) -- A group of insurers have agreed to settle a Ninth Circuit battle with IndyMac Bancorp Inc.'s bankruptcy trustee, the Federal Deposit Insurance Corp. and former IndyMac executives over $80 million in directors and officers coverage for securities and other suits, just weeks before oral arguments were scheduled.

The parties have reached a settlement in principle to resolve six consolidated appeals before the Ninth Circuit challenging a California federal judge's decision to nix coverage for a slew of lawsuits against executives at failed mortgage lender IndyMac and...
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Case Title

XL Specialty Insurance Co, et al v. Alfred Siegel, et al


Case Number

12-56275

Court

Appellate - 9th Circuit

Nature of Suit

4110 Insurance

Date Filed

July 11, 2012


Case Title

XL Specialty Insurance Company, et al v. Michael Perry, et al


Case Number

12-56296

Court

Appellate - 9th Circuit

Nature of Suit

4110 Insurance

Date Filed

July 12, 2012


Case Title

XL Specialty Insurance Company, et al v. Michael Perry, et al


Case Number

12-56311

Court

Appellate - 9th Circuit

Nature of Suit

4110 Insurance

Date Filed

July 16, 2012


Case Title

XL Specialty Insurance Company, et al v. Michael W. Perry, et al


Case Number

12-56337

Court

Appellate - 9th Circuit

Nature of Suit

4110 Insurance

Date Filed

July 20, 2012


Case Title

XL Specialty Insurance Company, et al v. Michael Perry, et al


Case Number

12-56347

Court

Appellate - 9th Circuit

Nature of Suit

4110 Insurance

Date Filed

July 20, 2012


Case Title

XL Specialty Insurance Company, et al v. Michael Perry, et al


Case Number

12-56350

Court

Appellate - 9th Circuit

Nature of Suit

4110 Insurance

Date Filed

July 23, 2012

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