FDIC Appeal Tossed In Imperial Bankruptcy Suit

Law360, New York (October 30, 2012, 6:43 PM EDT) -- A California federal judge has dismissed an appeal from the Federal Deposit Insurance Corp., as the receiver for Imperial Capital Bancorp Inc., of a bankruptcy court's ruling allowing the unsecured creditors committee to investigate claims against the directors and officers of the bankrupt bank.

In an order filed Oct. 24, U.S. District Judge Cathy Ann Bencivengo dismissed the FDIC's appeal without prejudice after both parties in the dispute had jointly asked to end the appeal.

The FDIC and the committee of unsecured creditors said that under...
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