After the recent wave of bank failures, the FDIC filed liability actions against the former directors and officers of some banks—but not all. Why were some executives sued and others weren’t?
The D&O Diary examines this question in a new article. The article features extensive comments from Womble Carlyle attorney Jonathan Reich, the author of, “Does the FDIC Only Sue Bankers Who Have D&O Insurance?” This article originally was published at Womble Carlyle blog, All Risks Covered.
Click here to read “Does the FDIC Target Only Failed Bank Directors and Officers That Have D&O Insurance?” in The D&O Diary. The D&O Diary is a journal covering the directors and officers liability industry, and has been cited in the New York Times and Wall Street Journal.
Jonathan Reich is a litigator practicing primarily in the commercial litigation, tort defense, and insurance coverage and bad faith areas. He also advises on insurance regulatory issues. He is a member of the Board of Directors of the North Carolina Captive Insurance Association. Reich also writes extensively on North Carolina insurance law topics at Womble Carlyle’s All Risks Covered blog. He practices in Womble Carlyle’s Winston-Salem, N.C. office.