FDIC Amping Up Suits Against Failed Bank Execs

Law360, New York (September 16, 2013, 8:33 PM EDT) -- The Federal Deposit Insurance Corp. is taking an increasingly aggressive stance toward officers and directors of failed banks, filing more lawsuits against executives in 2013 than in any year since the financial crisis that began in 2007, according to a Monday report.

As of August 8, the FDIC has filed 32 lawsuits against the officers and directors of failed banks in 2013, already exceeding the annual totals of 26 in 2012, 16 in 2011 and two in 2010, according to a report from Cornerstone Research. The number puts the agency on pace for a total of 53 such lawsuits for the...

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