Greenberg Team Closes Out 25-Year Southeast Bank Ch. 7

Published: 25/08/2017
Greenberg Team Closes Out 25-Year Southeast Bank Ch. 7
Source: WWW.LAW360.COM

Twenty-five years after the Federal Deposit Insurance Corp. shut down Florida-based Southeast Bank and sent its holding company into Chapter 7, the case has finally closed with a full recovery for creditors, thanks to Greenberg Traurig LLP's strategy of aggressive litigation against the FDIC and a series of unconventional assets sales that included setting up a temporary art gallery.

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