Search for: "FDIC-Receiver"
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6 Jun 2016, 8:57 am
The FDIC, as a receiver, will distribute the settlement funds among five failed bank receiverships. [read post]
31 Aug 2011, 1:47 am
When a federally insured bank is closed, the Federal Deposit Insurance Corporation (“FDIC”) is appointed as conservator or receiver. [read post]
7 Mar 2010, 7:36 pm
As the FDIC continues to sing its favorite tune, "Another One Bites the Dust," listeners who do business with FDIC-insured banks and thrifts should become familiar with the repudiation powers of the FDIC in its capacity as the receiver of a failed financial institution. [read post]
13 Jan 2012, 8:34 am
That the FDIC received the mortgage by operation of law did not mean that the defendant also received the mortgage by operation of law. [read post]
24 Mar 2011, 7:00 am
The FDIC may clawback all compensation received by the senior executive or director during the two-year period preceding the date on which the FDIC is appointed receiver of the company. [read post]
3 Sep 2013, 7:00 am
The FDIC was appointed as receiver for Guaranty Bank in August 2009 and filed suit on August 17, 2012. [read post]
Former IndyMac Officers Cannot Rely on Business Judgment Rule as Defense in FDIC Failed Bank Lawsuit
12 Oct 2012, 1:56 am
FDIC that when the FDIC brings an action as receiver, it “steps into the shoes” of the failed bank and state common law governs questions of tort liability. [read post]
29 Sep 2009, 6:37 am
And they could also mislead the FDIC, and post-Appointment Date potential loan purchasers, into over-valuing loans that the FDIC inherits as receiver of a failed bank. [read post]
19 Dec 2011, 12:25 am
The ultimate value the FDIC actually receives from the assignment of these claims might be nowhere near the face values claimed in the various settlement documents. [read post]
5 Oct 2014, 5:19 pm
Regarding PLCs, we recommended that the: FDIC research ways to make institutions more aware of, and mitigate the impact of, exclusions in financial institutions’ insurance policies that prevent or attempt to prevent the FDIC, as Receiver, from recovering on PLCs; OCC and FRB inform their regulated institutions about the risks related to insurance policy exclusions; FDIC provide more institution-specific information about PLC expenses and… [read post]
11 Mar 2010, 2:44 pm
Today's extension creates a safe harbor for certain types of transactions through September 30, 2010.Further details from the FDIC: The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved by notational vote an extension through September 30, 2010 of the Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a… [read post]
19 Nov 2012, 12:29 am
One of the more interesting story lines in the securities class action litigation arena in recent years has been the emergence of substantial class action opt-out litigation, whereby various claimants representing significant shareholder ownership interests select out of the class suit and separately pursue their own claims – and settlements. [read post]
15 Sep 2011, 1:10 pm
The FDIC alleges that Republic Bank violated the Truth-in-Lending Act by failing to comply with regulations intended to ensure that consumers receive adequate disclosure of the risk and fees involved in RAL’s. [read post]
15 Jan 2015, 8:41 pm
The FDIC’s regulation requires a covered insured depository institution with assets greater than $50 billion to submit a plan under which the FDIC, as receiver, might resolve the institution under the Federal Deposit Insurance Act. [read post]
6 Mar 2010, 11:50 am
However, as to payments made under qualified financial contracts, the general avoidance powers do not apply, and the FDIC, as receiver, is prohibited from recovering such payments unless they were made with actual intent to hinder, delay, or defraud the company, its creditors, or any receiver appointed for such company. [read post]
22 Feb 2010, 7:31 pm
" The poor plaintiff trusted the FDIC to abide by its written agreement and didn't secure the FDIC's promise by locking a chastity belt on Sheila Bair and then swallowing the key, or by having Jack Bauer keep a laser sight on the receiver's forehead until the deal closed. [read post]
7 Apr 2014, 3:54 am
The appellate court noted specifically that, while the insurer argued that the FDIC was proceeding only its capacity as receiver, the FDIC for its part alleged more than that it had succeeded to the rights of the failed bank. [read post]
20 Jul 2012, 1:21 pm
Second Federal Savings and Loan Association of Chicago, Chicago, Illinois, was closed today by the Office of the Comptroller of the Currency (OCC), which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
20 Mar 2012, 7:39 pm
Thus, the FDIC was OUTRAGED that copies of these records, most of which, arguably, are owned by the bank (and the FDIC as receiver steps into the shoes of the bank when it fails) were falling into the hands of legal counsel for the officers and directors. [read post]
25 Aug 2009, 3:42 am
They were close to expiring when the FDIC got appointed as the failed bank's receiver. [read post]
