July 09, 2012
IndyMac Bancorp Inc.'s bankruptcy trustee is asking the Ninth Circuit to scrutinize a recent ruling that closed the door to $80 million of coverage for securities lawsuits targeting former IndyMac directors and officers, according to an appeals notice posted Friday.
June 28, 2012
A California federal judge refused Wednesday to open up a second $80 million set of insurance policies to cover securities litigation against former IndyMac Bancorp Inc. directors and officers, a ruling insurers in other coverage disputes likely will cite in arguing for broad interpretations of what makes claims interrelated enough to be covered under only one policy period.
December 02, 2011
A California federal judge on Wednesday said the Federal Deposit Insurance Corp. cannot intervene in a declaratory judgment suit brought by insurers of IndyMac Bancorp seeking to avoid paying defense coverage for company executives in lawsuits stemming from the bank's collapse.