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Fiduciary Duty Banks Today's Popular Updates

Offit Kurman

Director & Officer Duties: What Every Leader Should Know

Offit Kurman on

Earlier this year, the FDIC, acting as receiver for Silicon Valley Bank (“SVB”), filed a breach of fiduciary duty lawsuit against six officers and eleven directors of the bank. The FDIC alleged that these individuals ignored...more

Amundsen Davis LLC

A Lesson On Good Corporate Governance?

Amundsen Davis LLC on

While on its face, a recent decision from the United States Court of Appeals for the 7th Circuit discusses what is not included in the duties of an officer, one can glean from the decision the importance that a Board of...more

King & Spalding

In Data Breach Suit, Federal Court Holds Banks To Higher Standard Than Customers

King & Spalding on

On Wednesday, September 28, 2016, an Illinois federal district judge dismissed data breach-related claims brought by numerous banks against a grocer citing the sophistication of the business relationship between the banks and...more

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