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The Federal Deposit Insurance Corp. is asking a federal judge to dismiss Bank of America Corp.’s $1.75 billion lawsuit seeking to recover losses suffered by investors in a subsidiary of Taylor Bean & Whitaker Mortgage Corp., the latest legal fallout from the collapse of the mortgage lender. Read the Daily Bankruptcy Review story here.

Alas, one of California’s most popular motocross-driven retail chains will ride on.

A group of investors gathered under the new name Ryderz Compound Inc. has purchased nearly all of No Fear’s three dozen stores along the West Coast with plans to continue selling its edgy clothing collection and racing gear. The group’s $3.1 million bankruptcy auction purchase will also keep many of the chain’s more than 325 workers employed.