11th Circuit: FDIC’s Prejudgment Interest Demands Are Timely In D&O Coverage Suit

Mealey's (August 22, 2022, 1:40 PM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals held Aug. 19 that a federal court erred in ruling that the Federal Deposit Insurance Corp. cannot recover $3 million in enhanced statutory prejudgment interest under Official Code of Georgia Annotated Section 7-4-15, reversing the lower court’s summary judgment ruling in favor of a directors and officers liability insurer and remanding for a determination as to when prejudgment interest began to toll....

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