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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