FDIC, Insolvent Insurer Seek Joint Dismissal Of Negligence Dispute

Mealey's (June 2, 2017, 11:14 AM EDT) -- LOS ANGELES — Following an appeal that saw a reversal of summary judgment on negligence claims, the Federal Deposit Insurance Corp., as receiver for a failed bank, and an insolvent insurer on May 30 submitted to a California federal court a joint stipulation asking for dismissal of a dispute over directors and officers liability coverage (Federal Deposit Insurance Corp., as receiver for Security Pacific Bank v. BancInsure Inc., No. 12-9882, C.D. Calif.)....