AABD has requested FDIC Chairman Bair to permit bank directors to copy or have access to bank documents they need to defend themselves against suits ... Read More »

December 17, 2010 Elizabeth M.Murphy Secretary Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549-1090 Re: File Number S7-33-10 Dear Ms. Murphy: The proposed rules for implementing the whistleblowing provisions of Section ... Read More »

On November 1, 2010, the FDIC sued the directors of Heritage Community Bank for $20 million. The bank was closed in 2009. AABD is opposed to ... Read More »

The Small Business Jobs and Credit Act of 2010 was signed into law on September 27, 2010. The memorandum below from Noel Gruber of BuckleySandler ... Read More »

On July 21, 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 612 of this Act restricts the ability of banks ... Read More »

After doubling and redoubling its professional liability division staff over the past several years, the FDIC is now actively pursuing directors of failed banks that ... Read More »

INTEREST OF AMICUS CURIAE The AABD, which has obtained the consent of all parties to its amicus curiae participation in this case, is a non-profit organization ... Read More »

On June 21, 2010, the federal banking agencies adopted a final rule on incentive compensation that will add to the responsibilities of bank directors in ... Read More »

There is a sleeper provision in section 612 of the Wall Street Reform and Consumer Protection Act currently being worked on by a House-Senate Conference ... Read More »

AABD Memo AABD is opposed to rules that unnecessarily restrict the authority of a bank's board of directors and its compensation committee to decide how to ... Read More »