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Federal Deposit Insurance Corporation v. James R. Appleton et al
Case Number:
2:11-cv-00476
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Firms
Government Agencies
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February 13, 2012
Defunct Bank's Officers Kick Investor Suit Over Bad Loans
A federal judge on Monday dismissed a securities class action and scaled back a related $26.2 million Federal Deposit Insurance Corp. lawsuit against ex-officers and directors of the now-defunct First Centennial Bank who allegedly disregarded the bank's underwriting standards in issuing 16 risky commercial real estate loans.
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January 26, 2011
FDIC Sues Dead Bank Over Millions In Bad Loans
The Federal Deposit Insurance Corp. is suing 14 officers and directors of now-defunct First Centennial Bank, saying they drove the bank into the ground and forced the FDIC to pay $163 million to cover depositors.