Legal Opinion
Federal Savings and Loan Insurance Corporation and Cardinal Federal Savings Bank v. Robert W. Quinn and Daniel J. Gannon
Court of Appeals for the Sixth Circuit
Decided January 7, 1991No. 89-3451PublishedCited by 15 opinions
1Opinion of the Court
MERRITT, Chief Judge.
This is an action to enjoin the payment of severance benefits arising from employment contracts between plaintiff Cardinal, a failed thrift, and defendant bank officials. The case requires an interpretation of whether a regulation allowing avoidance of some employment contracts of troubled savings and loans, 12 C.F.R. § 563.39(5) (1990), permits the Federal Savings and Loan Insurance Corporation (“FSLIC”)1 and an insolvent thrift (Cardinal Federal Savings Bank) to avoid paying severance benefits to two officers recruited by FSLIC to prepare the thrift for acquisition. The…
2Cases cited1 opinion
- Federal Sav. and Loan Ins. Corp. v. QuinnDistrict Court, N.D. Ohio · 1989
3Cited by15 opinions
- Modzelewski v. Resolution Trust Corp.Court of Appeals for the Ninth Circuit · 1994
- Economou v. Physicians Weight Loss Centers of AmericaDistrict Court, N.D. Ohio · 1991
- Ernest F. Modzelewski v. Resolution Trust Corporation, as Receiver for Merabank, a Federal Savings Bank, Gene E. Rice v. Resolution Trust Corporation, as Receiver for Merabank, a Federal Savings BankCourt of Appeals for the Ninth Circuit · 1994
- Basicomputer Corp. v. ScottDistrict Court, N.D. Ohio · 1991
- Marsa v. Metrobank for Savings, F.S.B.District Court, D. New Jersey · 1993
10 more not listed; retrieve them via the Exa API.