Bank of America, NA v. FDIC-Receiver
- The firm was retained to represent the FDIC in its capacity as receiver of Colonial Bank. The case was resolved favorably to the FDIC as part of a multi-case, multi-agency settlement for $16.65 billion, the largest single-company settlement in U.S. history. The FDIC’s portion of the BoA total settlement, which includes payment for FDIC’s counterclaims in this case, amounts to $1.031 billion. Christopher Morris, Ben Bailey, Patrick Muench, and Maryl Sattler of B&G handled this matter for the FDIC.