Failed NC Bank Execs Granted Summary Judgment On All FDIC Claims

By | The D&O Diary | September 16, 2014
Failed NC Bank Execs Granted Summary Judgment On All FDIC Claims

On September 11, 2014, in a sharply worded order that will give heart to the FDIC’s many other failed bank litigation targets, Eastern District of North Carolina Judge Terrence Boyle, applying North Carolina law, granted the summary judgment motion of the former directors and officers of the failed Cooperative Bank of Wilmington, N.C., in the lawsuit the FDIC had filed against them in its capacity as the failed bank’s receiver.

In Canada, Cooperative Capital Markets Regulatory System Moves a Step Closer

In Canada, Cooperative Capital Markets Regulatory System Moves a Step Closer

Paul Fitzgerald and Tracey Kernahan have produced a client update on the announcement by the Minister of Finance that the provinces of British Columbia, Ontario, Saskatchewan and New Brunswick and the Canadian federal government have signed a memorandum of agreement formalizing the terms and conditions of a cooperative capital markets regulatory system.