http://professional.wsj.com/article/SB10001424052970203630604578074753866411758.html
The Federal
Deposit Insurance Corp. is about to receive a $42 million legal settlement that
will rank among the agency's largest recoveries in the financial crisis—from a
paper company that played no role in the bank failure that spurred the lawsuit.
International
Paper Co. has agreed to pay the FDIC to settle a year-old lawsuit stemming from
the 2009 collapse of Guaranty Financial Group, an Austin, Texas, company that
ranks as the fifth-biggest U.S. bank failure. As part of the agreement, the
failed bank's creditors will get an added $38 million, bringing the total
settlement to $80 million.
