Fifth Third Bank N.A. won dismissal of a whistleblower’s suit alleging the submission of false claims for payment to the Federal Deposit Insurance Corp. under a 2010 shared-loss agreement, a New York federal court said.
FDIC became a receiver for Chicago-based Broadway Bank in 2010 after a series of bad loans, and accepted MB Financial’s bid for Broadway’s assets, the court said. FDIC allegedly entered into a shared-loss agreement with MB Financial under which FDIC agreed to assume 80% of future losses MB Financial incurred on Broadway’s loans.
Whistleblower Lee Moncho alleged in 2014 that MB Financial—which was subsequently acquired ...
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Washington, April 27 Prominent television hosts and journalists have pushed back against online claims that the White House ... Washington, April 27 Prominent television hosts and journalists have ...