Legal Opinion
Federal Savings & Loan Insurance v. Ticktin
Supreme Court of the United States
Decided April 3, 1989No. 87-1865PublishedCited by 46 opinions
1Opinion of the CourtJustice Stevens
The Federal Savings and Loan Insurance Corporation (FSLIC), in its capacity as receiver of a state-chartered savings and loan association (Association), brought this action in Federal District Court against former directors of the Association claiming damages for breach of their fiduciary duties under Illinois law. The District Court, relying on Circuit precedent, 1 held that it had jurisdiction of the case pursuant to 28 U. S. C. § 1345 because the FSLIC is an agency of the United States. App. 38-46. However, observing that there was substantial ground for difference of opinion on this…
2Cases cited2 opinions
- Federal Savings and Loan Insurance Corporation, Receiver of Lawn Savings and Loan Association v. Henry KruegerCourt of Appeals for the Seventh Circuit · 1970
- Acron Investments, Inc. v. Federal Savings And Loan Insurance CorporationCourt of Appeals for the Ninth Circuit · 1966
3Cited by46 opinions
- Federal Savings & Loan Insurance v. MolinaroCourt of Appeals for the Ninth Circuit · 1989
- Smith v. Fidelity Consumer Discount Co.Court of Appeals for the Third Circuit · 1989
- Bank of New England Old Colony, N.A. v. R. Gary Clark, Tax Administrator, for the State of Rhode IslandCourt of Appeals for the First Circuit · 1993
- Matter of Meyerland Co.Court of Appeals for the Fifth Circuit · 1992
- California Union Insurance v. American Diversified Savings BankCourt of Appeals for the Ninth Circuit · 1990
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