W Holding Co. v. Chartis Insur.

OPINION AND ORDER

GUSTAVO A. GELPÍ, District Judge.

This case stands in a long line of claims brought by the Federal Deposit Insurance Corporation (“FDIC”) against directors and officers of banks throughout the United States. To date, the FDIC has filed thirty-three such suits in its capacity as a receiver. In sum, the FDIC became Westernbank’s receiver on April 30, 2010. W Holding Company (“W Holding”) owned all outstanding shares of Westernbank’s corporate stock when the FDIC assumed *173receivership. (Docket No. 182, ¶ 1.) The FDIC alleges Westernbank’s directors and officers (“D & O’s”)…