Federal Deposit Ins. Corp. v. WH VENTURE
District Court, E.D. Pennsylvania
1Opinion of the Court
MEMORANDUM AND ORDER
JAMES McGIRR KELLY, District Judge.
Presently before the court is WH Venture’s motion to dismiss the plaintiff, Federal Deposit Insurance Corporation (FDIC) as a party to this action. The defendant seeks to challenge the statutory validity of the FDIC’s action to infuse $4.5 billion in permanent financial assistance to the ailing and financially troubled Continental Illinois .National Bank and Trust Company of Chicago. . Upon careful consideration of the parties’ legal positions, I have concluded that WH Venture lacks standing to litigate the validity of the FDIC action and…
2Cases cited6 opinions
- Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
- Raley v. OhioSupreme Court of the United States · 1959
- Frissell v. RizzoCourt of Appeals for the Third Circuit · 1979
- Brown v. EspositoSuperior Court of Pennsylvania · 1945
- Produce Factors Corp. v. BrownSuperior Court of Pennsylvania · 1962
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3Cited by5 opinions
- Alexander A. Simon, Jr., Cross-Appellee v. Shearson Lehman Brothers, Inc., Michael W. Swofford, Cross-AppellantsCourt of Appeals for the Eleventh Circuit · 1990
- Federal Deposit Insurance Corporation v. MorleyCourt of Appeals for the Third Circuit · 1989
- Inmates of the Allegheny County Jail v. WechtDistrict Court, W.D. Pennsylvania · 1985
- Federal Deposit Insurance v. MorleyCourt of Appeals for the Eleventh Circuit · 1989
- Joseph Britton v. Co-Op Banking Group, Jeff LieblingCourt of Appeals for the Ninth Circuit · 1993