TITLE

Suit Filed Against IndyMac Chairman

PUB. DATE
November 2009
SOURCE
American Banker;11/17/2009, Vol. 174 Issue 207, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Alfred Siegel, the trustee of IndyMac Bancorp Inc., the former parent company of the failed IndyMac Bank, is suing the board of directors and the bank's chief executive officer and board chairman, Michael Perry, for recklessly mismanaging the bank and contributing to its failure. Siegel claims the board failed to supervise Perry's management of the bank and ignored indications of financial problems.
ACCESSION #
45255574

 

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