11th Circ. Rejects Insurer's Cross-Appeal In Row With FDIC

Law360, Los Angeles (January 8, 2014, 9:14 PM EST) -- The Eleventh Circuit on Tuesday shut down St. Paul Mercury Insurance Co.’s bid for new arguments in a dispute over whether it has to indemnify bank directors and officers in suits brought by the Federal Deposit Insurance Corp., saying the insurer lacked standing to cross-appeal.

The three-judge panel threw out the cross-appeal in a one-page decision that included a longer concurring opinion from U.S. Circuit Judge Beverly B. Martin, who sought to clarify that the order didn’t preclude certain arguments St. Paul had raised previously....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.