Legal Opinion
Federal Deposit Insurance v. RBS Securities Inc.
Court of Appeals for the Fifth Circuit
Decided August 10, 2015No. Nos. 14-51055, 14-51066PublishedCited by 9 opinions
1Opinion of the Court
KING, Circuit Judge:
The Federal Deposit Insurance Corporation sued the Defendants-Appellees for securities fraud, alleging that they made false and misleading statements in selling and underwriting residential mortgage backed securities. While the FDIC filed its lawsuit within three years of its appointment as receiver, and therefore within the federal limitations period in the FDIC Extender Statute, 12 U.S.C. § 1821(d)(14), it filed suit more than five years after the securities at issue were sold, running afoul of the limitations period in the Texas Securities Act. Though the FDIC argued…
2Cases cited17 opinions
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
- Order of Railroad Telegraphers v. Railway Express Agency, Inc.Supreme Court of the United States · 1944
- Chase Securities Corp. v. DonaldsonSupreme Court of the United States · 1945
- Altria Group, Inc. v. GoodSupreme Court of the United States · 2008
- New York Trust Co. v. EisnerSupreme Court of the United States · 1921
12 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Federal Housing Finance Agency v. Nomura Holding America, Inc.Court of Appeals for the Second Circuit · 2017
- Kubbernus v. ECAL Partners, Ltd.Court of Appeals of Texas · 2018
- Community & Southern Bank v. LovellSupreme Court of Georgia · 2017
- National Credit Union Administration Board v. RBS Securities, Inc.Court of Appeals for the Ninth Circuit · 2016
- Federal Deposit Insurance v. First Horizon Asset Securities, Inc.Court of Appeals for the Second Circuit · 2016
4 more not listed; retrieve them via the Exa API.