Search for: "Westernbank Puerto Rico"
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1 Feb 2019, 7:11 am
Chairman and Chief Executive Officer Jack Kachkar guilty of eight counts of wire fraud arising from his role in a $100 million scheme to defraud Westernbank of Puerto Rico. [read post]
11 Apr 2011, 5:39 am
WesternBank of Puerto Rico (PDF). [read post]
6 Feb 2019, 7:43 am
A South Florida man has been convicted in a $100 million scheme to defraud a Puerto Rico bank. [read post]
7 Apr 2014, 3:54 am
The FDIC as receiver for Westernbank moved to intervene in the state court action, and on December 30, 2011, removed the state court action to the District of Puerto Rico. [read post]
11 Jul 2014, 4:29 am
The FDIC, as receiver for Westernbank, moved to intervene in the state court action, and on December 30, 2011, removed the state court action to the District of Puerto Rico. [read post]
6 May 2014, 8:46 am
Westernbank Puerto Rico (USDC PR); Quattro Corp v. [read post]
6 May 2014, 8:43 am
For example, in Westernbank Puerto Rico v. [read post]
3 May 2010, 2:01 am
The April 30 closure of Westernbank in Puerto Rico cost the DIF fund $3.31 billion, the third most costly closure in the current round. [read post]
19 Apr 2013, 9:17 am
Co. of Puerto Rico, No. [read post]
24 Jul 2018, 4:35 am
.; Oriental Bank, Scotiabank de Puerto Rico y Banco Popular de Puerto Rico v. [read post]
23 Jan 2012, 1:11 am
UPDATE: See also the note below regarding the separate actoin filed in the District of Puerto Rico, involving the directors and officers of teh failed Westernbank Puerto Rico, which also involves D&O insurer defendants. [read post]
2 Apr 2015, 4:17 am
The FDIC, as receiver for Westernbank, moved to intervene in the state court action, and on December 30, 2011, removed the state court action to the District of Puerto Rico. [read post]
3 Jan 2013, 9:02 am
Con la entrada del nuevo año, comienzan a abrir nuevamente las oficinas del gobierno de Puerto Rico para que los ciudadanos y las empresas puedan adelantarse a sus trámites de 2013. [read post]
25 Oct 2012, 2:14 am
The FDIC as receiver for Westernbank moved to intervene in the state court action, and on December 30, 2011, removed the state court action to the District of Puerto Rico. [read post]
9 Nov 2011, 12:50 am
A very similar sequence has also followed with respect to Westernbank, of Mayaguez, Puerto Rico, which failed on April 30, 2010. [read post]
D&O Insurance: "Ambiguity" Whether Insured vs. Insured Exclusion Bars Coverage for FDIC's D&O Claims
7 Jan 2013, 11:58 pm
As discussed here, in October 2012, District of Puerto Rico Judge Gustavo Gelpi denied the D&O insurer’s motion to dismiss the coverage action the FDIC had brought against the carrier under Puerto Rico’s direct action statute. [read post]
16 Jun 2011, 5:00 am
The acquisition of Westernbank PR, Mayaguez, Puerto Rico (“Westernbank PR”), by Banco Popular de Puerto Rico (“Banco Popular”) in April 2010 and the acquisition of Legacy Bank, Scottsdale, Arizona, by Enterprise Bank and Trust in January 2011, both included VAIs with exercise periods that remained open for almost a full year. [read post]
26 Sep 2012, 1:42 am
As I have previously noted (most recently here), the pace of filing of FDIC actions against directors and officers of failed banks has slowed considerably as 2012 has progressed. [read post]
23 Jan 2020, 3:16 pm
Jack Kachkar had fraudulently secured $142 million in loans from Westernbank of Puerto Rico by presenting fake invoices from his company, Inyx Inc. [read post]
16 Sep 2013, 1:49 am
Similarly to Judge Vining, in October 2012, District of Puerto Rico Judge Gustavo Gelpi declined to dismiss a direct action the FDIC had brought under the Puerto Rico direct action statute against the D&O insurer of the failed Westernbank, noting that the FDIC has authority under FIRREA to act on behalf of a number of different constituencies and therefore that “the FDIC”s role as a regulator sufficiently distinguishes it from those… [read post]
