Former IndyMac CEO Settles FDIC Civil Claim, Will Leave Financial Industry
Nossaman is mentioned in the Daily Journal article "Former IndyMac CEO settles FDIC civil claim, will leave financial industry" as representing the FDIC in a civil suit against Michael W. Perry, former CEO of IndyMac Bank. Mr. Perry agreed to pay $1 million to the FDIC and will leave the banking industry as part of the settlement. In October, Mr. Perry agreed to an $80,000 settlement with the the Securities and Exchange Commission following their claim that he misled investors about IndyMac's financial situation before it failed in 2008.
Nossaman Partner Stephen Wiman is also mentioned in the Washington Post article "Ex-IndyMac CEO agrees to pay $1M to settle lawsuit by the Federal Deposit Insurance Corp." as a lawyer who represented the FDIC in the case.