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Federal Judge Grants Protective Stay To FDIC In Failed-Bank Action

CHICAGO - A federal judge in Illinois on April 23 granted a protective order regarding confidential information to the Federal Deposit Insurance Corp., which, as the receiver for the failed Wheatland Bank sued OneBeacon Midwest Insurance Co. (OneBeacon), alleging that OneBeacon wrongly denied payment to the bank under a fidelity bond (Federal Deposit Insurance Corp. v. OneBeacon Midwest Insurance Co., No.11-3972. N.D. Ill.; 2013 U.S. Dist. LEXIS 57750)....(read more)Image may be NSFW.
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