Legal Opinion
Bruce A. Howell v. Federal Deposit Insurance Corporation as Receiver for Eliot Savings Bank
Court of Appeals for the First Circuit
Decided February 17, 1993No. 92-1542PublishedCited by 57 opinions
1Opinion of the Court
BOUDIN, Circuit Judge.
Appellants in this case are former officers of a failed bank. They sued the FDIC as the bank’s receiver when the FDIC disallowed their claims for severance pay under their contracts with the bank. The district court sustained the FDIC, reasoning that Congress had restricted such claims. Although the statute in question is not easily construed and the result is a severe one, we believe that the officers’ claims fail, and wé sustain the district court.
The facts, shorn of flourishes added by the parties, are simple. In 1988 and 1989, the four appellants in this case were…
2Cases cited8 opinions
- Heckler v. Community Health Services of Crawford County, Inc.Supreme Court of the United States · 1984
- Schweiker v. HansenSupreme Court of the United States · 1981
- Charles Clauson v. Robert D. SmithCourt of Appeals for the First Circuit · 1987
- United States v. Pennsylvania Industrial Chemical Corp.Supreme Court of the United States · 1973
- Federal Deposit Insurance Corporation v. Marcelino Roldan FonsecaCourt of Appeals for the First Circuit · 1986
3 more not listed; retrieve them via the Exa API.
3Cited by57 opinions
- Richard and Anita Poliquin v. Garden Way, Inc.Court of Appeals for the First Circuit · 1993
- Sunshine Development, Inc. v. Federal Deposit Insurance Corporation, as Liquidating Agent for First Service Bank for SavingsCourt of Appeals for the First Circuit · 1994
- Resolution Trust Corp. v. NernbergCourt of Appeals for the Third Circuit · 1993
- Piszel v. United StatesCourt of Appeals for the Federal Circuit · 2016
- Mary E. Lawson and Matt Lawson v. Federal Deposit Insurance CorporationCourt of Appeals for the First Circuit · 1993
52 more not listed; retrieve them via the Exa API.