Pepper Hamilton has sued the Federal Deposit Insurance Corp. after it classified as unsecured Pepper Hamilton’s claims for legal fees involving work for a division of bankrupt Advanta Corp. and the FDIC.
The firm asserted a claim against the FDIC as receiver of Utah-based Advanta Bank Corp. — a division of Spring House, Pa.- based parent company Advanta Corp. — for a total of $260,338. That included a $139,233 administrative claim and a $121,105 unsecured claim, according to the complaint filed last week in the U.S. District Court for the District of Columbia in Pepper Hamilton v. FDIC.
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