FDIC professional liability investigations, as receiver for four Georgia-based banks
Directed investigations into potential professional liability claims associated with the failures of four state-chartered banks in Georgia from 2006 to 2014. The investigations included examination of the conduct of bank directors, officers, lawyers, accountants, appraisers, engineers, architects, and other professionals, as well as the assertion of claims in connection with bankers’ bonds. Claims against directors and officers in two of the matters were settled in mediation prior to filing suit, and a bond claim was also settled prior to litigation. In 2013, upon completion of an investigation, the firm filed suit on behalf of the FDIC against former directors and officers of Darby Bank & Trust Company in the U.S. District Court for the Southern District of Georgia in Savannah, seeking more than $15 million in damages. The case remains pending and is in discovery.