1. Broadway Bank officers, FDIC settle lawsuit for $5 million

    Broadway Bank officers, FDIC settle lawsuit for $5 million

    The saga of failed Broadway Bank, a Chicago lender whose bad loans loomed large in the race for President Barack Obama's old Senate seat, has ended with a $5 million settlement between its officers and the Federal Deposit Insurance Corp. The nine defendants included Demetris Giannoulias and former...

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    1. At all times Mr. McMahon believed that this lawsuit was without merit, especially in light of Mr. McMahon's very limited role and scope of work with Broadway Bank while serving as a former board member.
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