The Federal Deposit Insurance Corp. has hit Baker Botts with a lawsuit seeking information that the law firm uncovered in its investigation of a defunct Texas savings and loan. The FDIC, as the receiver for Franklin Bank, said that the law firm failed to hand over materials that the agency subpoenaed in July. The action stemmed from an investigation that Baker Botts conducted last year for the savings and loan after one of its vice presidents alleged accounting fraud and misconduct.
August 06, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Federal Deposit Insurance Corp. (FDIC) has hit Baker Botts with a lawsuit seeking information that the law firm uncovered in its investigation of a defunct Texas savings and loan.
The FDIC, as the receiver for Franklin Bank, said that the Houston-based law firm failed to hand over materials that the agency subpoenaed in July. The lawsuit, filed in the U.S. District Court in Houston, also named Ernst & Young as a defendant.
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