FDIC Targets Execs Of Failed Bank In $193M Loan Suit

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By Dan Rivoli Editing by Andrew Park. All Content © 2003-2016, Portfolio Media, Inc. Law360, New York (August 24, 2011, 6:25 PM ET) — Two former First National Bank of Arizona officers “sacrificed safety and soundness” when they marketed risky mortgage loans that returned record profits but ultimately caused the bank to fail, the Federal Deposit Insurance Corp. said Tuesday…

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Mayo Sues BP To Collect Oil, Gas Royalties

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By Eric Hornbeck All Content © 2003-2016, Portfolio Media, Inc. Law360, New York (December 3, 2010, 2:47 PM ET) — The Mayo Clinic’s foundation has sued BP PLC subsidiaries for wrongly deducting production and other costs from oil and gas royalties on properties in the Texas panhandle and for failing to properly develop the properties. The Minnesota-based health care provider…

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