In the wake of the recent purchase of AmericanWest Bank by a joint venture between a Goldman Sachs fund and Oaktree Capital, we have received numerous client inquiries regarding the diffe...
In a practical ruling that explicitly acknowledges the relevance of “[p]ractice and understanding in the real world,” the Delaware Supreme Court today invalidated a bylaw amendment ad...
The Delaware Chancery Court has upheld the validity of a bylaw amendment adopted by the stockholders of Airgas, Inc. at its September 2010 annual meeting that accelerates the date of Airg...
On April 23, 2010, the FDIC issued new Q&As (the “April Q&As”) that clarify certain aspects of its Statement of Policy for Failed Bank Acquisitions (the “Policy Statement”), but l...
The number of insured institutions on the FDIC’s “troubled bank” list grew to over 700 at the end of 2009 (nearly three times the number of banks on the list at the end of 2008), re...
For the second time since adopting its Final Statement of Policy for Failed Bank Acquisitions (the “Policy Statement”), the FDIC has issued “Questions and Answers” (the “Revised...
At a meeting of the Board of Directors of the FDIC on August 26, 2009, the FDIC adopted a Final Statement of Policy on Qualifications for Failed Bank Acquisitions. The final policy statem...
We appreciate this opportunity to comment on the Federal Deposit Insurance Corporation’s (the “FDIC”) proposed Statement of Policy on Qualifications for Failed Bank Acquisitions (th...
Following a meeting of the Board of Directors of the FDIC on Thursday, July 2, 2009, the FDIC issued a Proposed Statement of Policy on Qualifications for Failed Bank Acquisitions for publ...
In the wake of intense pressure in the global credit markets and continued turmoil in the stock markets, the US Treasury Department, in coordination with other G-7 governments, yesterday ...
