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Personal Liability › Banking Crisis

Manatt, Phelps & Phillips, LLP

Georgia Supreme Court: Business Judgment Rule Valid, But Bank Officers Can Still Be Liable

Manatt, Phelps & Phillips, LLP on

In the context of Federal Deposit Insurance Corporation (FDIC) litigation against the former directors and officers of a failed bank, the Georgia Supreme Court has upheld the validity of the business judgment rule in the...more

Morrison & Foerster LLP

Individual Liability: What’s Behind The Headlines?

Morrison & Foerster LLP on

It’s been open season on financial institutions since the 2008-2009 financial crisis (“Financial Crisis”). State and federal prosecutors and regulators are competing with each other for press coverage of their latest consent...more

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