Andrews' Bank & Lender Liability Litigation Reporter
June 3, 1998
Copyright (c) 1998 Andrews Publications
MISCONDUCT BY FAILED BANK'S OFFICERS LEADS TO RESCISSION OF LLOYD'S BOND
FDIC v. Underwriters of Lloyd's of London Fidelity Bond Number 834/FB9010020
BOSTON - Ruling against the Federal Deposit Insurance Corp. (FDIC), the District of Massachusetts said the officers of failed Heritage Bank for Savings made material misrepresentations to obtain a banker's blanket bond from certain underwriters at...