Eric Kracov

Eric Kracov

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First Republic Executives Fail in Attempt to Recover Nonqualified Deferred Compensation Plan Assets [Video]

A federal court has rejected an attempt by former First Republic Bank employees to recover assets held in a rabbi trust that funded deferred compensation benefits. In Harrington v. Federal Deposit Insurance Corporation, the...more

7/26/2024  /  Banking Sector , Creditors , Declaratory Judgments , Deferred Compensation , FDIC , Financial Institutions , Financial Services Industry , FIRREA , Insolvency , Receivership

First Republic Executives Fail in Attempt to Recover Nonqualified Deferred Compensation Plan Assets

A federal court has rejected an attempt by former First Republic Bank employees to recover assets held in a rabbi trust that funded deferred compensation benefits. In Harrington v. Federal Deposit Insurance Corporation, the...more

7/23/2024  /  Banks , Deferred Compensation , FDIC , Financial Institutions , FIRREA , Popular
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