December 08, 2023
A Louisiana federal judge dismissed a lawsuit in which the Federal Deposit Insurance Corp., acting as the receiver of the defunct First NBC Bank, sought to recover more than $165 million from the bank's leaders and insurers, saying in an order that the parties have settled.
May 18, 2023
The Federal Deposit Insurance Corporation filed suit against the convicted former CEO and several former directors of a failed bank in Louisiana federal court, seeking to recover roughly $165 million in losses the FDIC claims the bank suffered at the hands of the defendants.