Did Web Hubbell Play Both Sides Of Madison
Hubbell, the Rose firm’s senior partner, first became involved in Whitewater in 1989, when the federal government took control of Madison. The Federal Deposit Insurance Corporation (FDIC), seeking to recover money lost by depositors, decided it was pointless to sue Madison’s officers. Instead, it went after the bank’s accounting firm, Frost & Co., which a few years earlier produced an audit claiming that Madison was in good health. Looking for help with the crush of S&L litigation, FDIC attorney April Breslaw hired Rose to sue Frost....