The FDIC has begun posting copies of its settlement agreements on its website. It recently came under fire after the L.A. Times printed an article criticizing the FDIC for not being more transparent on the issue of whether its litigation efforts are bearing fruit. The FDIC responded to that criticism by posting the settlement agreements on its website. This website will likely be updated from time to time with new settlement agreements.
Not all of the settlement agreements posted on the FDIC’s site are from D&O cases. At least a few of them are from claims against brokers, lawyers or accountants for the failed banks. At this time, we don’t see any particular trends or patterns based on the settlement agreements on claims against former D&Os.