Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Gus S. Mijalis, and Gus S. Mijalis

KING, Circuit Judge:

After a jury trial, the United States District Court for the Western District of Louisiana entered judgment in favor of the plaintiff, the Federal Deposit Insurance Corporation (FDIC), and against Gus S. Mijalis, Alex S. Mijalis, John G. Cosse, John B. Franklin, and J. Harper Cox, Jr. (the individual defendants), and their directors’ and officers’ liability insurer, International Insurance Company. We now consider the defendants’ appeals and the FDIC’s cross-appeal.

I. BACKGROUND

A. FACTS

The stipulations contained in the pretrial order and the evidence introduced at trial,…