December 14, 2012
Former IndyMac Bancorp Inc. CEO Michael Perry on Friday agreed to a $12 million settlement to resolve a $600 million suit by the Federal Deposit Insurance Corp. over his alleged role in the crisis leading to the collapse of the mortgage lender.
February 23, 2012
A federal judge on Tuesday ordered a stay in the FDIC's case against former IndyMac CEO Michael Perry so he can appeal the rejection of his motion to dismiss the FDIC's case over $600 million in bad loans at the defunct bank.
December 14, 2011
A California federal judge on Tuesday refused to dismiss a $600 million Federal Deposit Insurance Corp. suit alleging that the former CEO of failed IndyMac Bank FSB negligently oversaw the production of more than $10 billion in risky residential loans.