Legal Opinion
Coit Independence Joint Venture v. Federal Savings & Loan Insurance
Supreme Court of the United States
Decided March 21, 1989No. 87-996PublishedCited by 355 opinions
1Opinion of the CourtJustice O’Connor
This case presents the question whether Congress granted the Federal Savings and Loan Insurance Corporation (FSLIC), as receiver, the exclusive authority to adjudicate the state law claims asserted against a failed savings and loan association. We hold that Congress did not grant FSLIC such power and that the creditors of a failed savings and loan association are entitled to de novo consideration of their claims in court. We also hold that creditors are not required to exhaust FSLIC’s current administrative claims procedure before filing suit because the lack of a clear time limit on FSLIC’s…
2Cases cited24 opinions
- Landis v. North American Co.Supreme Court of the United States · 1936
- Northern Pipeline Construction Co. v. Marathon Pipe Line Co.Supreme Court of the United States · 1982
- Weinberger v. SalfiSupreme Court of the United States · 1975
- McKart v. United StatesSupreme Court of the United States · 1969
- Patsy v. Board of Regents of Fla.Supreme Court of the United States · 1982
19 more not listed; retrieve them via the Exa API.
3Cited by355 opinions
- Federal Deposit Insurance v. MeyerSupreme Court of the United States · 1994
- Baltazar Hernandez Barron Margarita Hernandez Ramirez v. John Ashcroft, Attorney GeneralCourt of Appeals for the Ninth Circuit · 2004
- McCarthy v. MadiganSupreme Court of the United States · 1992
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
- Sindicato Puertorriqueño de Trabajadores, Seiu Local 1996 v. FortuñoCourt of Appeals for the First Circuit · 2012
350 more not listed; retrieve them via the Exa API.