Legal Opinion

Atherton v. Federal Deposit Insurance Corp.

Supreme Court of the United States

Decided January 14, 1997No. 95-928PublishedCited by 281 opinions

1Opinion of the CourtJustice Breyer

The Resolution Trust Corporation (RTC) sued several officers and directors of City Federal Savings Bank, claiming that they had violated the legal standard of care they owed that federally chartered, federally insured institution. The case here focuses upon the legal standard for determining whether or not their behavior was improper. It asks where courts should look to find the standard of care to measure the legal propriety of the defendants’ conduct — to state law, *216to federal common law, or to a special federal (103 Stat. 243, 12 U. S. C. § 1821(k)) that speaks of “gross negligence”? of…

2Cases cited34 opinions

  1. Erie Railroad v. TompkinsSupreme Court of the United States · 1938
  2. M'culloch v. State of MarylandSupreme Court of the United States · 1819
  3. Osborn v. Bank of United StatesSupreme Court of the United States · 1824
  4. Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
  5. Boyle v. United Technologies Corp.Supreme Court of the United States · 1988

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3Cited by281 opinions

  1. Burlington Industries, Inc. v. EllerthSupreme Court of the United States · 1998
  2. Watters v. Wachovia Bank, N. A.Supreme Court of the United States · 2007
  3. Loreley Financing (Jersey) No. 3 Ltd. v. Wells Fargo Securities, LLCCourt of Appeals for the Second Circuit · 2015
  4. Wolfington v. Reconstructive Orthopaedic Assocs. II PCCourt of Appeals for the Third Circuit · 2019
  5. Winer Family Trust v. QueenCourt of Appeals for the Third Circuit · 2007

276 more not listed; retrieve them via the Exa API.

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