Ct Allows Environmental Escrow Claim Agst FDIC To Proceed

Brownfields, Corporate and Real Estate Transactions, Lender Liability, Underground Storage Tanks / By

What happens to a remediation escrow account when the funds are deposited in a bank that is subsequently closed and Federal Deposit Insurance Corp (FDIC) is appointed as a receiver? Some of the issues that need to be considered are illustrated in Kuruvilla Edukutharayil v. FDIC, 2013 U.S. Dist. LEXIS 8840 (N.D.Ill. 1/23/13). In this […]

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