Landsbanki Winding-Up Board sues managers, ...

The Landsbanki Winding-Up Board is suing the top management of the bankrupt bank, board-members and insurers for damages caused by not stopping the bank’s operations on October 3 2008 when, according the the WUP, the bank was de facto bankrupt. In total, the WUB claims the damages amount to ISK45bn (€282m).
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The claims are based on money going out of the bank on its last day of operation October 6 2008, in total ISK35bn (now €219m). This money went onto the accounts of MP Bank, Straumur and Landsvaki, one of Landsbanki’s own money market funds. The dates are important because this means that according to the WUB the bank was already bankrupt when the British authorities closed down the bank.

See also: http://www.icelandreview.com/icelandreview/search/news/Default.asp?ew_0_...

Update 20 Jan 2012: "More on Lansdbanki's last hours" here:
http://uti.is/2012/01/more-on-landsbankis-last-hours/