FDIC Asks 11th Circuit To Reverse Court’s Denial Of $3M Statutory Interest

Mealey's (February 5, 2021, 11:29 AM EST) -- ATLANTA — The Federal Deposit Insurance Corp. on Jan. 15 asked the 11th Circuit U.S. Court of Appeals to reverse a lower federal court’s judgment in favor of a directors and officers liability insurer in the FDIC’s lawsuit seeking $3 million in statutory prejudgment interest under Official Code of Georgia Annotated Section 7-4-15, challenging the lower court’s finding that its request was untimely....