News

Hutchinson, Goodman Succeed in Getting $170 Million Refund Returned to FDIC

News / October 19, 2016

Partners Joseph Hutchinson and Eric Goodman are mentioned in the article, “AmFin Financial Gives Up, Hands $170M Tax Refund to FDIC,” published Oct. 7, 2016, on Law360. The article covers the decision by AmFin Financial Corp. to drop its ownership claim to AmTrust Bank’s $170.4 million share of a consolidated federal tax refund after years of litigation, in which Hutchinson and Goodman represented the FDIC in its capacity as receiver for AmTrust Bank. The FDIC will receive the full amount sought in its complaint ― $170.4 million plus interest. Upon receipt of these funds, the FDIC will drop its suit against AmFin.

Read the article.