Legal Opinion
Old Bridge Owners Cooperative Corp. v. Twp of Old Bridge
Court of Appeals for the Third Circuit
Decided April 10, 2001No. Nos. 99-5602, 99-5603PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
AMBRO, Circuit Judge:
Federal Deposit Insurance Corporation (“FDIC”) appeals from the final judgment of the United States District Court for the District of New Jersey holding the FDIC personally liable for delinquent property taxes, and water and sewer charges, accrued with respect to an apartment complex during the years that the FDIC held a mortgage interest in the property.
In 1988 Old Bridge Owners Cooperative Corp. (“Owners”) and Grandview Estates, L.P. (“Grandview”) purchased an apartment complex named Sterling Estates. The purchase was financed with a $12 million…
2Cases cited12 opinions
- Aetna Life Insurance v. HaworthSupreme Court of the United States · 1937
- United States v. Munsingwear, Inc.Supreme Court of the United States · 1950
- U.S. Bancorp Mortgage Co. v. Bonner Mall PartnershipSupreme Court of the United States · 1994
- National Iranian Oil Company v. Mapco International, IncCourt of Appeals for the Third Circuit · 1992
- Earl A. Humphreys, M.D. v. Drug Enforcement AdministrationCourt of Appeals for the Third Circuit · 1996
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3Cited by1 opinion
- Old Bridge Owners Cooperative Corp. v. Twp Of Old BridgeCourt of Appeals for the Third Circuit · 2001