FDIC Tightens Squeeze On Failed Bank Execs

Law360, New York (May 8, 2013, 8:12 PM EDT) -- The Federal Deposit Insurance Corp. is taking a more aggressive stance toward officers and directors of failed banks, experts say, filing more lawsuits against executives as recent litigation victories and political pressures increasingly spur the agency to hold individuals accountable for bank failures.  

According to a Wednesday report from Cornerstone Research, the FDIC has filed 12 lawsuits against the officers and directors of failed banks between Jan. 1 and April 22, 2013. That would put it on pace for a total of 39 such lawsuits for...
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