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The Colonial BancGroup, Inc.: FDIC denied right to setoff against demand deposit accounts

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • February 3 2011

On January 24, 2011, the Honorable Dwight H. Williams, Jr. of the U.S. Bankruptcy Court for the Middle District of Alabama denied the Federal Deposit Insurance Corporation’s (“FDIC”) request for relief from the automatic stay in the Colonial BancGroup, Inc. case