Legal Opinion
Fed. Sec. L. Rep. P 98,300 Seymour Gilman and Wife, Rosalind K. Gilman, Cross-Appellants v. Federal Deposit Insurance Corporation, Cross-Appellee
Court of Appeals for the Sixth Circuit
Decided September 30, 1981No. 79-1649, 79-1668PublishedCited by 69 opinions
1Opinion of the Court
BOYCE F. MARTIN, Jr, Circuit Judge.
This appeal requires us to decide whether section 7 of the Securities Exchange Act of 1934 and Regulation U, 12 C.F.R. § 221.1(a) create a private federal cause of action for borrowers who have received bank loans, secured by stock, in violation of federal margin requirements. We must also determine whether the Federal Deposit Insur anee Corporation (FDIC) in its corporate capacity is chargeable, with knowledge of securities violations allegedly made by a bank, on the date the FDIC enters a Purchase and Assumption Agreement to liquidate the bank’s assets.
Seym…
2Cases cited15 opinions
- Cort v. AshSupreme Court of the United States · 1975
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Transamerica Mortgage Advisors, Inc. v. LewisSupreme Court of the United States · 1979
- Piper v. Chris-Craft Industries, Inc.Supreme Court of the United States · 1977
10 more not listed; retrieve them via the Exa API.
3Cited by69 opinions
- Richard D. BENNETT and Carole A. Bennett, Plaintiffs-Appellants, v. UNITED STATES TRUST COMPANY OF NEW YORK, Defendant-AppelleeCourt of Appeals for the Second Circuit · 1985
- Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Richard M. WoodCourt of Appeals for the Sixth Circuit · 1985
- Federal Savings And Loan Insurance Corporation v. MurrayCourt of Appeals for the Fifth Circuit · 1988
- Campbell Leasing, Inc. v. Federal Deposit Insurance CorporationCourt of Appeals for the First Circuit · 1990
64 more not listed; retrieve them via the Exa API.