Bank CEO Can't Claim Ignorance Of Bad Filings, DC Circ. Says

Law360, Los Angeles (March 7, 2014, 4:22 PM EST) -- A D.C. Circuit panel on Friday rejected the CEO of defunct American Sterling Bank’s bid to overturn a Comptroller of the Currency ban and $1 million fine for misrepresenting the bank’s capital reserves, ruling that he could not claim he lacked information about evolving regulations.

Judge Judith Rogers, writing for a unanimous panel, denied American Sterling Chief Executive Officer Lawrence Dodge’s petition to review the comptroller’s decision, which banned Dodge from working at an Federal Deposit Insurance Corp.-insured bank and fined him $1 million. The comptroller...
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Case Information

Case Title

Lawrence Dodge v. Comptroller of the Currency


Case Number

12-1416

Court

Appellate - DC Circuit

Nature of Suit

Date Filed

October 16, 2012

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