The Wall Street Journal reported on the $80 million settlement Duane Morris negotiated on behalf of creditors of failed bank Guaranty Financial Group and the Federal Deposit Insurance Corp. The FDIC will receive $42 million of the settlement, ranking among the agency's largest recoveries in the financial crisis, and the failed bank's creditors getting another $38 million, according to the report. The 2009 collapse of Texas' Guaranty Financial was one of the largest bank failures in U.S. history.

To read more, please visit the Wall Street Journal website.