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Federal Deposit Insurance Corporation v. Arch Insurance Company et al
Case Number:
2:14-cv-00545
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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November 13, 2017
FDIC Can Press WaMu Mortgage Fraud Coverage Suit: Judge
A Washington federal judge refused Monday to dismiss the Federal Deposit Insurance Corp.'s bid for more than $20 million in excess coverage to defray losses defunct Washington Mutual Bank suffered in a fraud scheme, rejecting insurers' position that the policies don't cover fraudulent mortgages originated before the policy period.
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April 14, 2014
FDIC Demands $25M In Coverage For WaMu Mortgage Fraud
The Federal Deposit Insurance Corp. filed a federal lawsuit Friday seeking $25 million in coverage under three financial institution bond policies to defray losses defunct Washington Mutual Bank suffered in a criminal New York real estate fraud run by an associate of disgraced U.S. Rep. Randy "Duke" Cunningham.