406 Bank Failures Since 2008 – Lessons for the Survivors

By Jonathan Joseph* Since the initial crush of the financial crisis in the summer of 2008, 406 banks have failed. As of October 24, 2011, the FDIC has authorized suits in connection with 34 failed institutions and 308 officers and directors for D&O liability of at least $7.3 billion. The current cycle of litigation initiated …

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