FDIC To Pursue More Cases Against Failed Banks

Law360, New York (April 15, 2011, 10:26 PM EDT) -- The Federal Deposit Insurance Corp. said Friday that it would pursue lawsuits against senior management of banks that failed during the recession at the same level or higher than the caseload in the aftermath of the savings and loan crisis during the 1980s.

FDIC chairman Sheila C. Bair said that the agency was vigorously going after failed institutions and their executives. Her remarks come a month after the FDIC's high-profile suit against two executives at defunct Washington Mutual Bank NA.

“We're doing everything we can and...
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