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2 Jul 2013, 1:52 am
In re IndyMac Mortgage-Backed Sec. [read post]
28 Jun 2013, 12:35 pm
IndyMac MBS, Inc., No. 11-2998-cv(L) (2d Cir. [read post]
17 Apr 2013, 6:04 am
IndyMac was the servicer. [read post]
19 Mar 2013, 9:59 am
’s (FDIC) arising out of mortgage-backed securities backed by IndyMac Bank, F.S.B (IndyMac) loans. [read post]
17 Jan 2013, 6:06 am
In total, 41 lawsuits have been filed since 2010 against the directors and officers of 40 institutions (two separate lawsuits have been filed against various IndyMac directors and officers). [read post]
16 Jan 2013, 12:36 am
Soon thereafter, the former CEO of IndyMac Bank agreed to pay $1 million from his personal assets in addition to available insurance proceeds to settle another FDIC claim related to the failure of IndyMac Bank. [read post]
14 Jan 2013, 12:58 pm
Soon thereafter, the former CEO of IndyMac Bank agreed to pay $1 million from his personal assets in addition to available insurance proceeds to settle another FDIC claim related to the failure of IndyMac Bank. [read post]
9 Jan 2013, 12:00 am
Given the absence of significant personal assets of the three former IndyMac officers to satisfy this judgment, the FDIC is seeking to intervene in pending coverage litigation in an effort to recover some or all of the remaining D&O limits from IndyMac’s 2007 and 2008 D&O insurance towers. [read post]
3 Jan 2013, 12:28 am
FDIC Wins $168.8 Million Jury Verdict Against Former IndyMac Officers: Even as the FDIC has continued to ramp up the number of lawsuits against former directors and officers of failed banks, the earliest suits the agency filed have been moving toward resolution. [read post]
19 Dec 2012, 12:41 am
For example, the two largest failures this time around, WaMu and IndyMac, both failed in 2008, and were among the first failed banks that the FDIC targeted in failed bank litigation. [read post]
4 Dec 2012, 1:01 pm
Each time, the IndyMac bankers reviewed what the Chuns were submitting and told them things were great. [read post]
12 Nov 2012, 12:27 am
The separate suit against IndyMac’s former CEO, Michael Perry, remains pending. [read post]
25 Oct 2012, 12:20 pm
Indymac Mortgage Services, No. 2:09-cv-1218, 2010 U.S. [read post]
Former IndyMac Officers Cannot Rely on Business Judgment Rule as Defense in FDIC Failed Bank Lawsuit
14 Oct 2012, 10:31 pm
On October 5, 2012, in the latest in a series of decisions addressing the question whether or not corporate officers (as differentiated from corporate directors) are entitled under California law to rely on the protections of the business judgment rule, Central District of California Judge Dale Fischer held that former… Read more >> [read post]
Former IndyMac Officers Cannot Rely on Business Judgment Rule as Defense in FDIC Failed Bank Lawsuit
12 Oct 2012, 1:56 am
Background IndyMac Bank failed on July 11, 2008. [read post]
22 Sep 2012, 8:26 am
IndyMac Bank, that the debtor, Cook, could not use section 506(d) of the Bankruptcy Code (the "Code") to "strip off" a wholly unsecured junior lien. [read post]
4 Sep 2012, 1:34 am
Gary Klausner ruled that subsequent lawsuits related to the collapse of IndyMac bank were interrelated with an earlier suit and therefore there is no coverage under a second tower of D&O insurance for the subsequent claims. [read post]
27 Aug 2012, 2:24 pm
Judge Kaplan found that while the prospective class members’ claims differ in some respects, the central issue for all class members is whether IndyMac made material misrepresentations in its offering documents. [read post]
22 Aug 2012, 11:29 am
See In re: IndyMac Mortgage-Backed Sec. [read post]
17 Aug 2012, 11:02 am
In addition, Bain allged that IndyMac started foreclosure before it was assigned the loan and that some of the documents in the chain of title were fraudulent; while IndyMac was the original lender, the record suggested that ownership of the debt changed hands several times. [read post]
