On March 25, 2015, the FDIC released its March 2015 Professional Liability Update. Of note, from January 2009 through March 25, 2015, the FDIC has authorized suits in connection with 149 failed institutions against 1195 individuals for D&O liability. This includes 106 filed D&O lawsuits naming 800 former directors and officers. The FDIC also has […]
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