Tag: director lawsuits

  • FDIC Sues Bank Directors (again)

    On June 19, 2009 Cooperative Bank in Wilmington, NC was closed by the North Carolina Commissioner of Banks and the FDIC.  Federal banking regulators are now suing Cooperative Bank’s chairman and eight members of the board of directors for more than $145 million for negligence and breaches of fiduciary duty.  One of the FDIC’s assertions…