FDIC Suits Over Failed Banks Likely To Pick Up In 2013

Law360, New York (December 20, 2012, 3:54 PM EST) -- The Federal Deposit Insurance Corp. ramped up its litigation against directors and officers of failed banks during 2012, and with a backlog of cases still to be filed, that number is likely to increase in 2013, a report said Thursday.

Cornerstone Research said that as of Dec. 7, the FDIC had filed 23 lawsuits against the directors and officers of failed banks, predicting that the number could rise to 26 by the end of 2012. That compares with 16 that the bank backstop filed in 2011...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.