Legal Opinion
Mary E. Lawson and Matt Lawson v. Federal Deposit Insurance Corporation
Court of Appeals for the First Circuit
Decided August 23, 1993No. 92-2429PublishedCited by 46 opinions
1Opinion of the Court
BOUDIN, Circuit Judge.
The facts of this case are straightforward. In January 1991, plaintiffs Mary and Matt Lawson purchased five one-year certificates of deposit (“CDs”) from the Maine Savings Bank, representing a deposit payment in each case of approximately $92,000. Each CD had an interest rate of 7.9 percent per year, giving the CDs a maturity value of $100,000 each. A CD reflects a deposit coupled with an agreement by the depositor to leave the funds in the bank for a fixed period. It appears that Maine Savings Bank was in financial difficulty when the CDs were sold to the Lawsons and…
2Cases cited6 opinions
- White v. KnoxSupreme Court of the United States · 1884
- Bruce A. Howell v. Federal Deposit Insurance Corporation as Receiver for Eliot Savings BankCourt of Appeals for the First Circuit · 1993
- Ronald Dale Payne v. Security Savings & Loan Association, F.A.Court of Appeals for the Seventh Circuit · 1991
- Unisys Finance Corporation v. Resolution Trust Corporation, as Receiver for Concordia Federal Bank for SavingsCourt of Appeals for the Seventh Circuit · 1992
- Lawson v. Fleet Bank of MaineDistrict Court, D. Maine · 1992
1 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- Acosta-Ramirez v. Banco Popular de Puerto RicoCourt of Appeals for the First Circuit · 2013
- Floyd v. Heno v. Federal Deposit Insurance CorporationCourt of Appeals for the First Circuit · 1994
- Dpj Company Limited Partnership v. Federal Deposit Insurance Corporation, as Receiver for Bank of New England, N.A.Court of Appeals for the First Circuit · 1994
- Davis v. Dawson, Inc.District Court, D. Massachusetts · 1998
- Easthampton Congregational v. Church Mutual Insurance Co.Court of Appeals for the First Circuit · 2019
41 more not listed; retrieve them via the Exa API.