FDIC Bank Failure Litigation: Understanding and Navigating the FDIC's Professional Liability and Mortgage Fraud Suits


This paper was presented at the ABA Section of Litigation's 2012 Annual Conference (Banks Under Siege: The Civil, Criminal, Regulatory and Insurance Fallout from Mortgage Foreclosures and Bank Failures), co-authored by Donna Wilson and Khristopher Knabe of BuckleySandler LLP. The authors review the fundamentals of FDIC receivership, pre-litigation investigation processes, how the FDIC examines claims against officers and directors and its pursuit of residential mortgage malpractice and fraud lawsuits. The authors advise financial institutions to make real commitments to detect and deter fraud including by means such as loan sampling to identify recurring patters among losses.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

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.

© BuckleySandler LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.