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Federal Deposit Insurance Corporation v. Ryan et al
Case Number:
2:20-cv-01253
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- Adams & Reese
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December 08, 2023
FDIC Settles $165M Suit Against Defunct La. Bank's Execs
A Louisiana federal judge dismissed a lawsuit in which the Federal Deposit Insurance Corp., acting as the receiver of the defunct First NBC Bank, sought to recover more than $165 million from the bank's leaders and insurers, saying in an order that the parties have settled.
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May 18, 2023
FDIC Seeks $165M From Defunct La. Bank's Ex-CEO, Others
The Federal Deposit Insurance Corporation filed suit against the convicted former CEO and several former directors of a failed bank in Louisiana federal court, seeking to recover roughly $165 million in losses the FDIC claims the bank suffered at the hands of the defendants.