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Federal Deposit Insurance Corporation v. Ernst & Young LLP et al

  1. January 24, 2024

    FDIC Must Arbitrate $125M EY Bank Fraud Fight

    The Federal Deposit Insurance Corp. must arbitrate its bid to recover $125 million from EY for bank fraud that the accounting behemoth allegedly failed to uncover, a Louisiana federal judge ruled Tuesday, finding now-defunct First NBC Bank entered an arbitration agreement to which FDIC, as the bank's receiver, remains bound.

  2. July 10, 2023

    FDIC Wants Atty Disqualification Paused For 5th Circ. Appeal

    The Federal Deposit Insurance Corp. asked a Louisiana federal judge to wait for a Fifth Circuit decision before disqualifying its attorneys from a $125 million bank fraud case against the accounting firm EY, saying it believes its chances of having the decision overturned are strong.

  3. June 16, 2023

    EY Gets FDIC Attys Disqualified In $125M Bank Fraud Row

    A Louisiana federal judge granted the accounting firm EY's bid to disqualify the Federal Deposit Insurance Corporation's counsel from a suit looking to recover $125 million, determining that the FDIC attorneys could be potentially prejudiced due to improper access to confidential information.