October 23, 2024
A New York federal judge has permanently tossed a lawsuit brought by a developer and its affiliates alleging that a former Signature Bank employee fraudulently misled them into unfavorable financial transactions, saying the claims are time-barred under the bank's one-year statute of limitations and not adequately pled.
April 08, 2024
The Federal Deposit Insurance Corporation has urged a New York federal court to dismiss a developer's $85 million suit against a bank that is under FDIC receivership.
November 08, 2023
The Federal Deposit Insurance Corp. told a New York federal court Wednesday that counsel for the developer Rise Development Partners LLC failed to work on a joint status report in the developer's suit against Signature Bank.
July 10, 2023
A New York federal judge ruled that a developer must exhaust a claims review process with the Federal Deposit Insurance Corp. before it can continue pursuing a suit alleging that a Signature Bank employee ushered the real estate firm into detrimental debt deals.