Mobilizing for FDIC Bank Failure Investigations and Lawsuits
By Bradley W. Bloodworth, KirD. Behre, V. Gerard Comizio, and Lawrence D. Kaplan
The Federal Deposit Insurance Corporation (FDIC) is aggressively investigating and pursuing lawsuits against former executives of failed banks in order to obtain funds from the banks Director and Officer (D&O) insurance carriers. Additionally, the FDIC seeks to demonstrate to the public that it is holding accountable executives perceived to be involved in the current financial crisis.