A Philadelphia-based law firm has agreed to...

A Philadelphia-based law firm has agreed to a record $50-million settlement of a Federal Savings and Loan Insurance Corp. lawsuit over the firm’s management of a thrift that closed two years ago, FSLIC announced. Proceeds of the settlement with the firm, Blank, Rome, Comisky & McCauley, will be shared by FSLIC with former stockholders of Sunrise Savings & Loan Assn. of Boynton Beach, Fla. The federal suit filed in 1986 charged that the law firm acted negligently in advising Sunrise, improperly closed loans, aided former Sunrise officials in violating banking regulations and represented parties with conflicts of interest.