For the third time since August, the Federal Deposit Insurance Corp. has been sued in federal court over allegations that the agency mishandled its role as receiver of an ailing financial institution.
In a complaint filed Monday in the U.S. District Court for the District of Columbia, BHC Interim Funding II L.P. and BHC Interim Funding III L.P., which together filed the suits as BHC, argue that the FDIC improperly seized control of a financial services company that BHC had loaned money to and that because of the allegedly improper seizure, BHC lost out on more than $15 million in assets.
