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Andrew Leahey

FDIC looking to recoup.

“The has claimed the rights to $2bn that Silicon Valley Bank's former parent company, Financial Group, believes is theirs. The $2bn deposit could provide potential cash recovery for the bankrupt parent company and its bondholders, which are owed $3.3bn, but the FDIC has laid claim to the money to offset claims relating to Silicon Valley Bank that are believed to have cost the FDIC's deposit insurance fund an estimated $20bn.”

minimumcomp.com/p/weds-419-fox

Minimum CompetenceWeds 4/19 - Fox News Settles, FDIC Reimbursement, More Litigation Funding Problems, Law Partner Tax Problems and Whistleblowers at SCOTUSBy Andrew Leahey 🦣
Apr 20, 2023, 02:24 AM·Public·Ivory for iOS
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