Liberty Financial Group, Inc. FDIC LitigationWe represent the former directors and officers of a failed bank, Liberty Financial Group, in connection with the Federal Deposit Insurance Corporation's allegations that the directors and officers breached their fiduciary duties, which breaches the FDIC alleges ultimately caused the Bank's failure. The FDIC seeks to hold the directors and officers liable for loan losses totaling in excess of $45 million. We successfully defeated the FDIC’s pre-suit attempts to prevent the former officers and directors from gaining access to the records necessary for them to evaluate the FDIC claims against them. We are in the process of assessing the FDIC's claims for purposes of pre-suit mediation. |