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Results: 1-10 of 20

Insured versus Insured exclusion held inapplicable to FDIC’s failed bank suit

  • Wiley Rein LLP
  • -
  • Puerto Rico, USA
  • -
  • November 1 2012

A Puerto Rico federal district court has declined to apply a D&O policy’s Insured versus Insured exclusion to a suit brought by the Federal Deposit Insurance Corporation (FDIC) against former directors and officers of a failed bank

Can D&O insurance cover banks anymore?

  • Sedgwick LLP
  • -
  • USA
  • -
  • June 12 2012

Last week, Democratic Rep. Barney Frank of Massachusetts introduced H.R. 5860

Barney Frank introduces bill to prohibit insurance policies against compensation clawbacks at financial institutions

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • June 1 2012

Ever since I blogged on the availability of insurance to protect executives from compensation clawbacks, reporters, seminar attendees and others ask me for more information on these policies

Liability considerations for officers and directors of failed FDIC-insured institutions

  • Venable LLP
  • -
  • USA
  • -
  • August 12 2009

In light of the possibility that several hundred FDIC-insured banks and thrifts may fail in the next two- to three-year period, many clients and friends of the firm have requested a summary of the legal concerns that arise for officers and directors immediately following the seizure of an institution by the FDIC, as well as steps that may be taken to be better prepared before a failure

Trade associations urge Senate to consider systemic risk review

  • Alston & Bird LLP
  • -
  • USA
  • -
  • February 19 2010

Today, a consortium of interested trade associations, including the American Bankers Association, the Financial Services Roundtable and the Mortgage Bankers Association, sent a letter to Senators Christopher J. Dodd (D-CT) and Richard C. Shelby (R-AL), the Chairman and Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, respectively, urging the Committee to address potential systemic risks posed by accounting standards in the consideration of the Senate’s comprehensive financial industry reform legislation

Court finds ambiguity applying insured v. insured exclusion to FDIC lawsuit

  • Wiley Rein LLP
  • -
  • USA
  • -
  • January 15 2013

The United States District Court for the Northern District of Georgia has denied in part a motion summary judgment by the directors and officers

Resurrecting corporate America after the failure of governance

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • October 10 2008

AIG, Bear Stearns, Fannie Mae, Freddie Mac, Lehman Bros. et al. are the result of a fundamental flaw in governance of corporate America: failure to provide independent oversight of management in the governance of these organizations

In case you missed it - February 2012

  • Stoel Rives LLP
  • -
  • USA
  • -
  • February 15 2012

A smattering of bylaw amendments purporting to make Delaware the exclusive venue for shareholder derivative suits and claims of fiduciary duty breaches followed Vice Chancellor Laster’s suggestion in a 2010 case that such provisions would be enforceable

Court denies bank, insurer's, and reinsurer's motion to dismiss RESPA complaint

  • Jorden Burt LLP
  • -
  • USA
  • -
  • March 20 2013

Two borrowers filed a putative class action complaint in Pennsylvania federal court alleging that mortgage lender, First Horizon Home Loan

Supreme Court surprises again: RESPA standing case dismissed by Supreme Court as improvidently granted

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • July 2 2012

The June 28, 2012 ruling on the Affordable Care Act was not the only surprise that came out of the Supreme Court last week