Securities Fraud Action Against Bank
In Bender v. Jordan, No. 08-7150, a securities fraud action against a bank, its then-directors and its president and CEO, the court affirmed the district court’s order requiring the ex-directors to reimburse the bank for their defense costs, holding that, as the former directors satisfied neither the conditions for mandatory nor those for permissive entitlement, and the board made a determination embodying that fact, the former directors were obligated under the agreements to repay the bank for the cost of their legal defense.
Related Resources
- Read the DC Circuit’s Decision in Bender v. Jordan, No. 08-7150
You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help
Civil Rights
Block on Trump’s Asylum Ban Upheld by Supreme Court
Criminal
Judges Can Release Secret Grand Jury Records
Politicians Can’t Block Voters on Facebook, Court Rules
