Change in Virtual Data Room Used by the FDIC When Marketing Failing Financial Institutions

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On November 7, the Federal Deposit Insurance Corporation (FDIC) announced that it is changing the virtual data room hosting company used to help market failing financial institutions. Beginning in November 2011, the FDIC will begin using the RR Donnelley (the site is known as "Venue") instead of IntraLinks, which will continue to host projects initiated before November 2011 until they are resolved.

Please see article below for more information.

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Published In: Administrative Agency Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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