The FDIC and the New Banking Crisis Conference:
Litigation Challenges Past, Present and Future

Recording Date: January 15-16, 2009

Self Study/Alternate Format CLE: Self-study credit may be available in AZ, CA, CO, FL, GA, ID, LA, ME, NV, NH, TX, UT, VT, WA, WV and WY for watching a video or listening to an audio recording. Refer to your state bar’s MCLE guidelines for the number of reportable credits permissible via these formats.

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Video Package $499
Audio Package $399
Transcript $349

We are releasing more than 10 hours of video plus presentations and transcripts created during last week’s conference:  “The FDIC & the New Banking Crisis – Litigation Challenges Past, Present & Future.”

With the wealth of practice and governmental experience represented, we consider this a unique and timely resource for legal teams tackling complex and high-stakes matters arising from the financial crisis.

Free Video Samples

More than an hour’s worth of substantive content from each session has been posted here at LitigationConferences.com, and we’re taking orders for the recording and materials for the rest of this tremendous event.

In my notes from the conference I wrote down “It takes a village — to tear down a village.”   OK, that’s not exactly what was said.   The point was this:  if you are looking to point fingers for the current financial quagmire, it appears you will need a lot of them.

“We don’t get into a mess like this because of banks or just mortgage brokers.  It takes everybody working together.”

That was a memorable comment from Ernest Petrikis of White & Case.  Petrikis has been general counsel at the Federal Reserve Bank and AIG, and was one of 16 learned presenters at the event.  Attorneys and financial officers working in the trenches to advise clients or mitigate damage to financial institutions — or avoid professional liability — would benefit from the perspectives of these 16 attorneys, authors and scholars.  Given travel and time away from the office is a challenge for many professionals,  the recordings and materials, priced at just $599 for the entire program, offer an excellent alternative.   Click here for an excerpt from Petrikis’ presentation.

Inside Perspectives

The program was chaired by Scott Christensen and Dennis Klein of Hughes Hubbard & Reed – a leading law firm in this field – who assembled the star panel.  Like Petrikis, several were in leading legal posts for the likes of the FDIC, the Treasury Department, the Department of Justice, the Office of the Comptroller of Currency, and Fannie Mae. Others represented or currently counsel agencies, lenders, investors, CEOs, and insurers.

Here is a brief rundown of the six sessions and the prestigious faculty:

First. Christensen and Klein, who bring a wealth of experience representing financial institutions and agencies, provided an overview of the FDIC’s function and powers, contrasted the current crisis from the S&L debacle of the 1980s, offered insight into what to expect when litigating for or against the FDIC.  Here are some samples of their presentations:  One from Christensen here, one from Klein and Christensen together here, and two from Klein here and here.

Second. Michael Tucci of Stinson Morrison Hecker (former senior counsel to the Resolution Trust Company) and Rex Veal of Kilpatrick & Stockton (former associate general counsel for the FDIC and special counsel to the Resolution Trust Company) addressed the FDIC’s special powers, jurisdiction, removal, enforcement, repudiation and more.   Click here for sample of Tucci’s remarksClick here for some of what Veal had to say.

Third. Ronald Glancz of Venable LLP directed a panel on professional liability litigation featuring John Villa of Williams & Connolly, Thomas Richey of Bryan Cave Powell Goldstein, and John Gerstein of Troutman Sanders.  Glancz has held leadership posts at the FDIC, the Office of Comptroller of the Currency and the Justice Department.  Villa is the author of  “Corporate Counsel Guidelines” and “Bank Directors, Officers & Lawyers Civil Liabilities.”  Here are two excerpts from this panel:  one and two.  NEW!  Just added!  More excerpts of Gerstein and Glancz.

Fourth. Anna Engh of Covington & Burling and Paul Wojcicki of Segal McCambridge Singer & Mahoney covered insurance coverage for professional liability.  Click here for a sample of their presentation.

Fifth. Megan Kraai of DLA Piper (former head of compliance for Fannie Mae), and two attorneys from Sonnenschein Nath & Rosenthal, Stephanie Nygard and Robert Azarow, covered the FDIC’s transactional role.   Here is a sample of Kraai’s remarks.   Here are comments from Nygard and Azarow.

Sixth.  The final session addressed a variety of recent developments, from the Emergency Economic Stabilization Act of 2008, the increase in deposit insurance, emphasis on consumers and preventing disclosures, the FDIC chair’s view, and the FDIC’s dilemma – minimizing costs versus protecting consumers, and much more.   For this broad net of topics the chairmen and conference company drew on Ernest Petrikis, White & Case (former general counsel at the Federal Reserve Bank and American International Group); D. Jean Veta, Covington & Burling (represented Freddie Mac and the CEO of IndyMac, formerly with Justice Department); Lissa Broome, Wachovia Professor of Banking Law and Director of the Center for Banking and Finance at the University of North Carolina; and Anita Boomstein of Hughes Hubbard & Reed.    Click here for a sample of Veta’s comments, here for Broome’s comments, and here for some of what Boomstein had to say.

To order the video package, audio package or transcripts, contact Allison Emery at (484) 324-2755 x205 or by email at allison.emery@litigationconferences.com.

Click here for the order form.