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Federal Deposit Insurance Corporation v. Galan-Alvarez et al
Case Number:
3:12-cv-01029
Court:
Nature of Suit:
Judge:
Firms
- Alston & Bird
- Casellas Alcover
- Cleary Gottlieb
- Hughes Hubbard
- McConnell Valdes
- Mellado & Mellado Villarreal
- Morell Cartagena
- Nossaman LLP
- Reed Smith
- Rivero Mestre
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Companies
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Sectors & Industries:
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July 13, 2017
FDIC Rips Insurer's Bid To Escape Puerto Rico Bank Dispute
The Federal Deposit Insurance Corp. and the directors of a failed Puerto Rico bank it is suing over alleged bad loans came together to blast the bank's insurer for its attempt to escape coverage for the suit, saying the insurer is trying to pass off dozens of separate loans as a single prior act.
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August 18, 2015
Former R-G Premier Brass Lose Bid To Tap Excess Coverage
Former directors and officers of Puerto Rico's R-G Premier Bank can't yet access coverage under an XL Specialty Insurance Co. excess policy for the defense of a Federal Deposit Insurance Corp. suit alleging they helped precipitate the bank's failure, as the limits of another XL policy haven't been exhausted, a federal judge ruled Tuesday.
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September 12, 2013
Insurer Denies Liability In FDIC Suit Over R-G Premier Collapse
XL Specialty Insurance Co. told a Puerto Rican federal judge on Tuesday that it's not liable for covering a $417 million lawsuit alleging 19 former directors and officers of Puerto Rico's R-G Premier Bank helped precipitate one of the largest bank failures in the island's history.
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March 08, 2013
Ex-R-G Execs Can't Duck FDIC's $417M Bank Collapse Suit
A federal judge refused Thursday to dismiss the Federal Deposit Insurance Corp.'s $417 million lawsuit against 19 former directors and officers of Puerto Rico's R-G Premier Bank, who allegedly helped precipitate one of the largest bank failures in the island's history.
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January 18, 2012
FDIC Sues Execs For $417M Over R-G Premier Collapse
The Federal Deposit Insurance Corp. on Wednesday launched a $417 million suit against 19 former directors and officers of R-G Premier Bank of Puerto Rico for causing one of the largest bank failures in Puerto Rico's history.