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Mr. Oaks has worked as the CEO of Turley Bank for the last three years. This past year, the outside auditor discovered some fraudulent loan

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Mr. Oaks has worked as the CEO of Turley Bank for the last three years. This past year, the outside auditor discovered some fraudulent loan activity in which Mr. Oaks was circumventing internal controls to lend money to friends and family. After a thorough investigation, the board of trustees concluded that Mr. Oaks had committed more than $10 million in loan fraud. Mr. Oaks denied any wrongdoing. Now, the board is contemplating pursuing a civil case against Mr. Oaks, seeking repayment of the $10 million 1. What are some reasons why Turley Bank would not pursue a civil case against Mr Oaks? f Turley Bank decides to pursue a civil case against Mr. Oaks, what are some reasons why the bank would settle out of court before the actual trial? 3. If Turley Bank decides to pursue a civil case against Mr. Oaks, what are some reasons why Mr. Oaks would settle out of court before the actual trial

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