FDIC Asks 9th Circ. To Open Up IndyMac's $80M D&O Policies

Law360, New York (August 14, 2013, 8:08 PM EDT) -- IndyMac Bancorp Inc.'s bankruptcy trustee, the Federal Deposit Insurance Corp. and former IndyMac executives pressed the Ninth Circuit on Monday to open the door to $80 million in directors and officers coverage, arguing that insurers could not show an exclusion for interrelated acts applied.

In three separate briefs, they made another plea to the Ninth Circuit in a case challenging a California federal judge's decision to nix coverage for securities and other suits against failed mortgage lender IndyMac and its subsidiary IndyMac Bank FSB under $80...
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