In a move that could end seven years of bitter litigation, the U.S. Supreme Court agreed Monday to decide whether the government can sue officials of failed institutions under an easier-to- prove form of negligence.

Banking industry lawyers hailed the court's decision to hear arguments in Atherton v. Resolution Trust Corp., saying the legal wrangling had raged far too long on this issue.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.