How Dodd-Frank Impacts Creditors Of Bankrupt Banks
March 25, 2014, 1:21 PM EDT
Law360, New York (March 25, 2014, 1:21 PM EDT) -- On Feb. 11, the three private plaintiff-appellants and 11 state plaintiff-appellants in State National Bank of Big Spring et al. v. Jacob J. Lew et al. filed briefs with the U.S. Court of Appeals for the District of Columbia Circuit in their appeal of the district court’s decision that the plaintiffs lacked standing to challenge certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203, 124 Stat. 1376 (2010).
The plaintiff-appellants challenged the “orderly liquidation authority” granted to the FDIC...