Imperial Says FDIC's $17M Claim Comes 'Far Too Late'

Law360, New York (August 22, 2012, 9:15 PM EDT) -- Imperial Capital Bancorp on Tuesday blasted the Federal Deposit Insurance Corp. in California bankruptcy court for raising a purportedly brand-new $17 million fraudulent conveyance claim against it, saying the claim comes 'far too late' and should not be allowed.  

The FDIC's new claim alleging fraudulent transfers by the bank is not contained in any of its prior proofs of claim and follows a pattern of the government agency's assertion of previously unstated claims, the bank said. 

"Its proofs of claim contain no $17 million fraudulent...
To view the full article, register now.