美國居民不適用 XM 服務。

First Republic ex-employees' lawsuit against US FDIC is dismissed



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>First Republic ex-employees' lawsuit against US FDIC is dismissed</title></head><body>

By Jonathan Stempel

July 12 (Reuters) -A federal judge in California dismissed a lawsuit accusing the Federal Deposit Insurance Corp (FDIC) of improperly blocking nearly 170 former employees of the failed First Republic Bank from accessing at least $150 million of retirement funds.

U.S. District Judge Haywood Gilliam ruled on Friday that a federal law enacted after the 1980s savings and loan crisis gave the FDIC broad authority to act as receiver for failed banks, and prevented him from getting involved.

Lawyers for the former employees did not immediately respond to requests for comment. An FDIC spokesman declined to comment.

First Republic failed on May 1, 2023, after a series of Federal Reserve interest rate increases caused large losses in its investment portfolio and led many depositors to move their money elsewhere.

The San Francisco-based bank had catered to wealthy customers. Its $229 billion of assets made the collapse the largest U.S. bank failure since the 2008 financial crisis.

JPMorgan Chase JPM.N acquired First Republic's deposits and nearly all its assets.

In their complaint filed last December, the former First Republic employees alleged that the FDIC had on May 18, 2023, wrongfully stopped making payments under their deferred compensation plan.

They said this made them unsecured creditors who would likely recover "little, if anything" even as depositors were protected, and sought to recover what they said they were owed.

But the Oakland, California-based judge said granting that request would interfere with the FDIC's statutory powers. Gilliam dismissed the lawsuit with prejudice, meaning it cannot be brought again. The judge said the law "forecloses actions - like this one - which seek to 'restrain or affect' the FDIC in fulfilling its receivership duties."

JPMorgan was not a party to the case. First Republic failed less than two months after the failures of two other lenders, Silicon Valley Bank and Signature Bank.

The case is Harrington et al v FDIC, U.S. District Court, Northern District of California, No. 23-06296.




Reporting by Jonathan Stempel in New York; Editing by Will Dunham

</body></html>

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明