Can the FDIC Assert Direct as Well as Derivative Claims of Stockholders of Failed Banks? The Seventh

http://ift.tt/1kSeAr1 In Levin v. Miller, a recent decision out of the Seventh Circuit, Judge Easterbrook clarified the types of claims that the Federal Deposit Insurance Corporation may assert under section 1821(d)(2)(A)(i) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 after it takes over a failed bank.  Section 1821(d)(2)(A)(i) grants the FDIC “all rights, […]

via Weil Bankruptcy Blog http://ift.tt/1mX8YGU