Judge Grants FDIC Motion To Dismiss D&O Coverage Suit Arising From Failed Bank

(February 20, 2024, 1:35 PM EST) -- NEW ORLEANS — A federal judge in New Orleans on Feb. 16 granted the Federal Deposit Insurance Corp.’s motion to dismiss with prejudice its lawsuit against a failed bank’s former officials and related declaratory judgment lawsuits against directors and officers liability insurers one day after FDIC filed a stipulated motion to dismiss announcing that the parties reached a settlement....

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