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30 Sep 2014, 3:15 am
Supreme Court’s docket for the upcoming term involved the failed IndyMac bank. [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]
3 May 2010, 2:01 am
Only the July 11, 2008 closure of IndyMac ($8.0 billion) and the May 21, 2009 closure of BankUnited ($4.9 billion) were more costly to the fund. [read post]
23 Nov 2008, 10:00 pm
" Downey, which had $12.6 billion in assets is the third largest bank failure this year (after Washington Mutual and IndyMac). [read post]
4 Dec 2009, 10:08 am
Spinner’s “scathing” ruling blasted IndyMac Mortgage Services, a division of OneWest Bank F.S.B., according to the stories.Skinner called OneWest Bank’s conduct "inequitable, unconscionable, vexatious and opprobrious. [read post]
12 Jul 2011, 7:18 pm
The latest lawsuit, filed July 06, 2011, is styled FDIC as Receiver of IndyMac Bank, F.S.B. v. [read post]
13 Oct 2008, 8:08 pm
There already has been extensive litigation filed in connection with the two most prominent bank failures of 2008, IndyMac (refer here and here) and Washington Mutual (refer here). [read post]
11 Apr 2012, 1:13 am
The Aftermath of the Failure of IndyMac Bank Van Dellen and Perry involve two different actions by the FDIC as receiver arising out of the failure of IndyMac Bank, FSB in 2008. [read post]
21 Dec 2009, 1:53 am
However, these banks all are smaller than two of the larger banks that failed in 2008, Washington Mutual ($307 billion) and IndyMac ($32 billion). [read post]
12 Jul 2008, 1:22 pm
The article also describes the failure of a major California bank. [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]
26 Sep 2008, 1:53 pm
Fast forward to earlier this year when WaMu, Countrywide and IndyMac all filed their 10Ks late on a Friday. [read post]
3 Nov 2010, 1:43 am
Until now, the FDIC has filed just one lawsuit against former executives of a failed bank, involving former officers of IndyMac bank (about which refer here). [read post]
9 Mar 2011, 7:50 pm
Instead, the government decided to force big banks to take capital injections from the government so the banks could retain the assets on their balance sheets and take the necessary capital hits to work them out and/or dispose of them over time. [read post]
12 Nov 2014, 10:15 am
IndyMac was the mortgage servicer and mortgage was legally held in a securitized trust operated by Deutsche Bank. [read post]
21 Jul 2008, 6:36 pm
” following the collapse of IndyMac Bancorp Inc. [read post]
4 Nov 2008, 4:12 am
Their collective deposits totaled $600 billion, 32 times the deposit base of IndyMac, an institution which is already putting pressure on the under-funded FDIC Insurance Fund; I wonder what Schumer and Frank think the alternatives were. [read post]
27 Jan 2011, 7:36 am
In still other cases, the mortgage owner is listed as a defunct institution, such as IndyMac, which was taken over by the FDIC and was closed in July 2008. [read post]
22 Apr 2009, 9:01 am
The mortgage was provided by IndyMac bank, which was later taken over by the Federal Deposit Insurance Corporation. [read post]
16 Jan 2009, 2:20 pm
That's similar to what Fannie Mae is trying to force the FDIC to do in the case of IndyMac, although the IndyMac loans were not originated by the FDIC, but by the failed savings bank. [read post]
