Home

Lathrop & Gage Settles With FDIC for $7.4 Million
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Lathrop & Gage has agreed to pay the Federal Deposit Insurance Corp. $7.4-million to settle a legal malpractice suit that was originally brought against the firm by Washington Mutual. The suit was scheduled to begin this week in federal court in St. Louis.

The FDIC took control of the lawsuit when Washington Mutual failed in September 2008. Lathrop & Gage was sued by the financial institution for its handling of an earlier suit filed by Conseco Finance Servicing Corp. against North American Mortgage Co. which had just been bought by Washington Mutual, in which Conseco claimed misappropriation of trade secrets and unfair competition.

WaMu lost the case and had to pay Conseco $10.7 million, the Kansas City Business Journal reported this morning. In turn, WaMu sued Lathrop & Gage for legal malpractice.

  
What
Where


Lathrop & Gage has about 300 lawyers and is based in Kansas City.



 

RELEVANT JOBS

Staff Attorney- Public Benefits

USA-CA-Bakersfield

Greater Bakersfield Legal Assistance, Inc.  (GBLA), a non-profit law firm that provides free ci...

Apply now

Staff Attorney- Community Homeless Law Center

USA-CA-Bakersfield

Greater Bakersfield Legal Assistance, Inc.  (GBLA), a non-profit law firm that provides free ci...

Apply now

Patent Attorney/Agent

USA-FL-Plantation Acres

Full-service intellectual property law firm in a great location near Miami and Fort Lauderdale is ac...

Apply now

Associate Attorney

USA-TX-San Antonio

The Amsberry Law Firm is a boutique law firm focused on representation in the areas of...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Corporate/Transactional Attorney

USA-IA-Des Moines

Des Moines office of a BCG Attorney Search Top Ranked Law Firm seeks corporate/transactional attorne...

Apply Now

Corporate Attorney / Counsel

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks corporate attorney with 5+ y...

Apply Now

Housing Finance Associate Attorney

USA-MN-Minneapolis

Minneapolis office of a BCG Attorney Search Top Ranked Law Firm seeks a housing finance associate at...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top