January 20, 2023
A New York federal judge threw out a False Claims Act suit claiming MB Financial snagged $400 million in misbegotten reimbursements from federal regulators after taking on loans from a failed Chicago bank, ruling that the underlying allegations were already publicly disclosed.
December 14, 2020
Former MB Financial urged a New York federal court on Monday to dismiss a whistleblower suit accusing the bank of obtaining $400 million in misbegotten reimbursements from federal regulators after taking on loans from a failed Chicago bank, arguing the case is riddled with legal and factual flaws.