Banks Reiterate Colonial Suit Hinges On Repose Statute

By John Kennedy (June 3, 2016, 6:26 PM EDT) -- Credit Suisse AG, Wells Fargo & Co. and five other banks on Thursday asked the Second Circuit to reconsider its mid-May ruling that the Federal Deposit Insurance Corp.'s suit over the failure of Colonial Bank was timely, reiterating their argument that statutes of limitations and statutes of repose are different....

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