A trade association for bank directors and an ad hoc committee of national banking litigators are fighting to weigh in on behalf of Bryan Cave, a national law firm with offices in Atlanta that is being sued by the Federal Deposit Insurance Corp.
Claiming that the FDIC suit is an attack on outside directors of community banks “who are exposed to ruinous liability when a bank fails because of the financial and liquidity crisis not of their making,” the American Association of Bank Directors has asked U.S. District Judge Timothy C. Batten Sr. in Atlanta to allow it to file a friend-of-the-court brief supporting Bryan Cave. The firm, headquartered in St. Louis, merged withAtlanta’s Powell Goldstein in 2009.
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