Drawing on the regulatory knowledge of our top-tier Financial Institutions group, Vedder Price’s defense team combines extensive litigation/enforcement experience to provide skilled counseling to banks, savings institutions, financial services providers, and their respective directors and officers in a broad spectrum of federal and state regulatory matters, including:

• Open- and closed-bank investigations and actions by the Federal Deposit Insurance Corporation
• Investigations by the Securities and Exchange Commission, SIGTARP and the Department of Justice

Our team has experience representing clients in matters relating to the following:

• Banks and their respective directors and officers in open-bank proceedings seeking civil money penalties, restitution and/or industry prohibitions
• Former officers and directors in closed-bank proceedings by the FDIC in its capacity as receiver, seeking damages relating to lending decisions, investment decisions, and management and oversight
• Financial institutions in SIGTARP investigations regarding potential wrongdoing by prior management

Representative Matters 

• Representing a banking executive in connection with parallel investigations by the DOJ and SEC relating to alleged misconduct by the banking client, including alleged fraud in connection with a lending facility and related securitization
• Represented dozens of banks and their respective directors and officers in open-bank proceedings seeking civil money penalties, restitution and/or industry prohibitions
• Represented a financial institution in a SIGTARP investigation regarding potential wrongdoing by prior management
• Represented multiple former bank directors in several highly publicized nine-figure FDIC-R lawsuits in the Northern District of Illinois
• Represented eight former bank directors and officers in an FDIC-R investigation that was terminated prior to litigation or any adverse action
• Represented three former bank directors and officers in an FDIC-R investigation that settled for less than 5 percent of the FDIC’s eight-figure demand with no out-of-pocket payment by the former directors and officers