As we reported earlier in the week, the Federal Deposit Insurance Corporation ("FDIC") has begun filing lawsuits against the directors and officers of banks that it now holds in receivership . The lawsuits are consistent with previous public statements in which the FDIC committed to try to recover, from the directors and officers of these failed banks, some of the $2.5 billion lost to bad loans in recent years.
USA, Banking, Insolvency & Restructuring, Litigation, Locke Lord LLP, Internal control, Federal Deposit Insurance Corporation (USA)