The firm has extensive experience in many areas of litigation including insurance coverage, professional negligence, Officers and Directors Liability, federal regulatory matters, and collection matters.  Oddenino & Gaule has represented a number of clients on referrals from their insurance companies.  These insurance companies included Riverstone Resources, TIG Insurance Company, RLI Insurance Exchange, Collegis Insurance Company, and Employers Reinsurance Company.

Oddenino & Gaule is currently handling matters on behalf of the FDIC, aggressively pursuing all appropriate legal remedies in connection with various banking interests of the FDIC.

Examples of Oddenino & Gaule's efforts include:

    1.   Investigating potential professional liability claims against former bank directors and officers, and on a more limited basis, against a bank’s outside counsel for a potential malpractice case based on a possible late claim made on the bank’s behalf as well as accountants, appraisers and other professionals.  Outside counsels investigation will likely result in issuing subpoenas and taking a significant number of administrative depositions. 

Because of inadequate insurance limits to cover the FDIC’s loss, outside counsels investigation will also focus on the liability and collectability of shareholders that exercised considerable influence over the bank, board members that failed to adequately supervise the bank’s lending activities and financial reporting and officers that may have steered the bank towards its high concentration on risky commercial real estate development lending that was undertaken without adequate internal controls and board governance.

    2.    Analyzing insurance coverage and bond issues, filing claims and responding to insurance carriers.

    3.    Evaluating the merits and cost-effectiveness of litigation with proposed courses of action based upon our investigation of potential professional liability claims and insurance coverage.
  
    4.    Participating in potential settlement discussions and pre-litigation mediation.

    5.    Assisting in the preparation of a memorandum to the FDIC Board of Directors seeking authority to sue responsible parties.