August 27, 2013
A "no value" determination by the Federal Deposit Insurance Corp. — if it's legal — puts an end to Bank of America Corp.'s $1.75 billion lawsuit stemming from the alleged fraud at Taylor Bean & Whitaker Mortgage Corp. that led to the collapse of an Alabama-based bank, a Washington federal judge ruled Monday.
June 17, 2013
A Washington federal judge on Monday refused to certify Bank of America NA's interlocutory appeal of her decision barring the bank from submitting additional evidence limiting its liability linked to another bank tied to Taylor Bean & Whitaker Mortgage Corp.'s alleged fraud.
May 03, 2013
The Federal Deposit Insurance Corp. asked a Washington federal judge Friday to ax a major claim from Bank of America Corp.'s $1.75 billion complaint over losses from Taylor Bean & Whitaker Mortgage Corp.'s alleged fraud, saying no controversy exists because there is nothing for the bank to recover.
December 11, 2012
A Washington federal judge on Monday allowed Bank of America Corp. to go after the Federal Deposit Insurance Corp. for $1.7 billion in losses stemming from Taylor Bean & Whitaker Mortgage Corp.'s alleged fraud, while subsequently greenlighting the FDIC's pursuit of $900 million in counterclaims.
August 09, 2012
A Florida bankruptcy judge on Wednesday allowed Bank of America Corp. to seek repayment of $1.75 billion in investor losses resulting from a fraud allegedly perpetrated by bankrupt lender Taylor Bean & Whitaker Mortgage Corp.
August 09, 2011
The Federal Deposit Insurance Corp. said Friday in Washington that Bank of America Corp. lacks standing to seek repayment of $1.75 billion in investor losses resulting from a fraud allegedly perpetrated by bankrupt lender Taylor Bean & Whitaker Mortgage Corp.