Legal Opinion

Federal Deposit Insurance Corporation, as Receiver of Penn Square Bank, N.A. v. Henry J. Staudinger

Court of Appeals for the Tenth Circuit

Decided July 30, 1986No. 85-1308PublishedCited by 31 opinions

1Opinion of the Court

THEIS, District Judge.

This is a collection suit brought by the Federal Deposit Insurance Corporation (“FDIC”), as receiver of the Penn Square Bank (“PSB”), against Henry J. Staudinger, on an unsigned “dummy” promissory note. Staudinger, a Washington, D.C., attorney, had borrowed money from PSB to purchase stock in Clifford Resources, Inc. (“CRI”). CRI was a company controlled by Staudinger’s friend and client, Harold Clifford. Staudinger dealt with PSB through Clifford.

In May of 1981, Clifford offered Staudinger the opportunity to buy 120,000 shares of stock which would otherwise be sold at a…

2Cases cited5 opinions

  1. Burgess v. Premier Corp.Court of Appeals for the Ninth Circuit · 1984
  2. United States v. Vanessa Elaine Cooper, and Darryl Keith ThreatCourt of Appeals for the Tenth Circuit · 1984
  3. Russell Eugene Hurd v. American Hoist and Derrick Company, a Delaware CorporationCourt of Appeals for the Tenth Circuit · 1984
  4. Imperial Enterprises, Inc., D/B/A Imperial Carpet Mills, Inc., Plaintiff-Appellant-Cross v. Fireman's Fund Insurance Company, Defendant-Appellee-CrossCourt of Appeals for the Fifth Circuit · 1976
  5. Burke Aviation Corp. v. Alton Jennings Co.Supreme Court of Oklahoma · 1962

3Cited by31 opinions

  1. Sil-Flo, Inc. v. SFHC, Inc.Court of Appeals for the Tenth Circuit · 1990
  2. United States v. Robert L. JohnsonCourt of Appeals for the Tenth Circuit · 1992
  3. United States v. Charles Edward McIntyreCourt of Appeals for the Tenth Circuit · 1993
  4. Chevron Corp. v. DonzigerDistrict Court, S.D. New York · 2014
  5. Beal Bank, SSB v. EurichMassachusetts Supreme Judicial Court · 2005

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