Legal Opinion
Federal Deposit Insurance Corporation v. Braemoor Associates
Court of Appeals for the Seventh Circuit
Decided October 28, 1982No. 81-3040PublishedCited by 53 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The Federal Deposit Insurance Corporation, as successor in interest to a defunct Illinois state bank, the State Bank of Clearing, brought this suit against Braemoor Associates, a joint venture, and against five individuals who are the surviving joint venturers in Braemoor, seeking to recover bank monies that the bank’s president, Paul Bere, had funneled to Braemoor in breach of his •fiduciary obligations to the bank. The asserted basis of federal jurisdiction over the suit is 12 U.S.C. § 1819 Fourth, which provides that “all suits of a civil nature at common law or in…
2Cases cited25 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
- Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
- United States v. County of AlleghenySupreme Court of the United States · 1944
- Priebe & Sons, Inc. v. United StatesSupreme Court of the United States · 1947
20 more not listed; retrieve them via the Exa API.
3Cited by53 opinions
- Federal Deposit Insurance Corporation v. W.R. Grace & Co. And Grace Petroleum CorporationCourt of Appeals for the Seventh Circuit · 1989
- Federal Deposit Insurance Corporation, as Receiver of United of America Bank v. Rabbi Mordecai Elefant, Itri Torah Research Institute and Erwin WeinerCourt of Appeals for the Seventh Circuit · 1986
- Federal Deposit Insurance Corporation v. J. William OldenburgCourt of Appeals for the Tenth Circuit · 1994
- Carteret Savings Bank, Fa v. ShushanCourt of Appeals for the Third Circuit · 1992
- Federal Deposit Insurance Corporation, a United States Corporation v. Bank of Boulder, a Colorado CorporationCourt of Appeals for the Tenth Circuit · 1990
48 more not listed; retrieve them via the Exa API.