Judge Lets FDIC Intervene In Downey Tax Refund Suit
By Lance Duroni ( January 3, 2011, 8:39 PM EST) -- A bankruptcy judge on Monday lifted the automatic stay in Downey Financial Corp.'s Chapter 7 proceedings so that the Federal Deposit Insurance Corp. can intervene in a suit against the Internal Revenue Service by which the trustee in the case is seeking to recover a $370 million tax refund....
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