CHARLESTON, S.C. - A federal judge in South Carolina on March 14 denied dismissal of a failed bank's Chapter 7 trustee's suit alleging that the bank's directors and officers negligently allowed the bank's interest in an office building to be subordinated to the interest of another entity, finding that the trustee plausibly stated a claim (Michelle L. Vieira v. Michael Bert Anderson, et al., No. 11-0055, D. S.C.; 2013 U.S. Dist. LEXIS 35360)....(read more)![]()
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