Tag Archives: IndyMac

A Los Angeles jury ruled that three former IndyMac Bank officers must pay $169 million in damages to the FDIC for making negligent loans to homebuilders, according to a report from Bloomberg.

In a shareholder class-action lawsuit, former executives of IndyMac Bankcorp agreed to settle for $6.5 million following the bank's 2008 collapse, the Associated Press reported Sunday.

The Securities and Exchange Commission (SEC) has charged three former executives at IndyMac Bancorp with securities fraud for misleading investors about the lender's failing financial condition. The executives, former CEO Michael Perry and former CFOs A. Scott Keys and S. Blair Abernathy, allegedly filed false and misleading disclosures about the financial stability of IndyMac and IndyMac Bank F.S.B. and continued to sell millions of dollars in new stock. Abernathy is the only one of the three who has reached a settlement with the SEC.