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FDIC, Atty Agree On Proposed Settlement In AmTrust Suit

Law360, New York (April 23, 2015, 6:39 PM EDT) -- Attorneys for a New York lawyer sanctioned earlier this month for unintentionally destroying evidence that could have been used against him in a breach of contract, malpractice and negligence case brought by the FDIC, told a New York federal court Wednesday that the two sides had agreed on a proposed settlement.

In a letter to U.S. Magistrate Judge A. Kathleen Tomlinson, the firm representing Gary A. Horn in his defense against the Federal Deposit Insurance Corporation said that the agreement has not yet been written down and is subject to the FDIC's internal approvals but that it should be finalized within...

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Case Information

Case Title

Subscribers Only

Case Number

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Court

New York Eastern

Nature of Suit

Contract: Other

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Date Filed

December 2, 2012

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Government Agencies