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Fiduciary Duty › Creditors › Banks

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

Spilman Thomas & Battle, PLLC

Shifting Winds? Two N.C. Courts Uphold Fiduciary Duty Claims Against Banks

Spilman Thomas & Battle, PLLC on

For the first time ever, North Carolina’s Business Court and Court of Appeals both upheld fiduciary duty claims against banks in late 2012. Debtors frequently employ such claims in an attempt to shift liability for failed...more

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