Federal Deposit Insurance Corp v. Certain Underwriters at Lloyd
Case Number:
20-13604
Court:
Nature of Suit:
Government Agencies
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August 19, 2022
FDIC Can Seek $3M From Lloyd's, 11th Circ. Says In Reversal
The Eleventh Circuit on Friday reinstated the Federal Deposit Insurance Corp.'s bid to collect $3 million in prejudgment interest stemming from $10 million it won in a prior coverage dispute with Lloyd's of London, reversing a ruling that the FDIC waited too long to demand that money.
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January 15, 2021
FDIC Seeks To Revive $3M Fight With Lloyd's At 11th Circ.
The Federal Deposit Insurance Corp. urged the Eleventh Circuit to reverse a lower court's ruling that it cannot collect $3 million in prejudgment interest after prevailing in a $10 million coverage dispute against Lloyd's of London, saying the district court wrongly held that the interest request was untimely.