Ga. Court Throws Wrench Into FDIC D&O Insurance Battles

Law360, New York (March 10, 2014, 8:54 PM EDT) -- A Georgia federal court last week added a new step for insurers to take before they can head to court to challenge directors and officers coverage for the Federal Deposit Insurance Corp.'s litigation over bank failures, a peculiar ruling that attorneys warned could drive up costs for insurers.

U.S. District Judge Richard Story turned heads by holding that his court lacked jurisdiction to consider OneBeacon Midwest Insurance Co.’s bid to avoid covering former executives of failed Habersham Bancorp in a suit the FDIC brought as the...
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