FDIC Files 130 Professional Liability Lawsuits

Feb. 21, 2011 - PRLog -- The past three years have seen a plague of bank failures tied to the collapse of the real estate market and related securities markets: 25 banks went under in 2008, 140 in 2009 and 157 in 2010.

The FDIC has made no secret of the fact that it may pursue claims against the failed banks’ gatekeepers – not just banks’ former directors and officers, but also, according to the FDIC’s website, the banks’ "attorneys, accountants, appraisers, brokers, or others."

The FDIC’s pursuit of claims against lawyers and other outside professionals is entirely consistent with the actions the agency took during the FDIC crisis.

Read more on the History FDIC Banking Crisis here:
http://www.fdic.gov/bank/individual/failed/pls/index.html