Legal Opinion

Federal Deposit Ins. Corp. v. McSweeney

District Court, S.D. California

Decided September 5, 1991No. Civ. 91-476-K(IEG)PublishedCited by 27 opinions

1Opinion of the Court

MEMORANDUM DECISION AND ORDER

KEEP, Chief Judge.

FACTUAL BACKGROUND

On April 10, 1987, the Federal Savings and Loan Insurance Corporation (the “FSLIC”) became receiver for the Central Savings and Loan Association (“Central”), a failed thrift. Claiming that former Central directors breached their fiduciary duty, the FSLIC’s statutory successor, the Federal Deposit Insurance Corporation (the “FDIC”), 1 filed the instant suit on April 5, 1991 seeking to recover a portion of the $80,000,000 in losses incurred by Central.

Two defendants, Daniel T. McSweeney and Frederick C. Stalder, move to dismiss…

2Cases cited18 opinions

  1. Abbott Laboratories v. GardnerSupreme Court of the United States · 1967
  2. Kaiser Aluminum & Chemical Corp. v. BonjornoSupreme Court of the United States · 1990
  3. Rose v. RoseSupreme Court of the United States · 1987
  4. Mountain States Telephone & Telegraph Co. v. Pueblo of Santa AnaSupreme Court of the United States · 1985
  5. Davis & Cox, a Partnership, Plaintiff-Appellee/cross-Appellant v. Summa Corporation, Defendant-Appellant/cross-Appellee. Chester C. Davis, Plaintiff-Appellee/cross-Appellant v. Summa Corporation, Defendant-Appellant/cross-Appellee. Summa Corporation, Defendant-Counterclaimant/appellant v. Davis & Cox, a Partnership, Chester C. Davis, Maxwell E. Cox, Howard M. Jaffe and Martin Cook, Plaintiffs-Counterdefendants/appellees. Summa Corporation, Hughes Aircraft Corporation, Defendants- Counterclaimants/appellants v. Chester C. Davis, Davis & Cox, Maxwell E. Cox, Howard M. Jaffe and D. Martin Cook, Counterdefendants/appelleesCourt of Appeals for the Ninth Circuit · 1985

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3Cited by27 opinions

  1. Federal Deposit Insurance Corporation, as Receiver for Central Savings and Loan Association v. Daniel T. McSweeney Frederick C. StalderCourt of Appeals for the Ninth Circuit · 1992
  2. Federal Deposit Insurance Corporation v. CanfieldCourt of Appeals for the Tenth Circuit · 1992
  3. American Master Lease LLC v. Idanta Partners, Ltd.California Court of Appeal · 2014
  4. Federal Deposit Ins. Corp. v. SwagerDistrict Court, D. Minnesota · 1991
  5. Tribeca Companies, LLC v. First American Title InsuranceCalifornia Court of Appeal · 2015

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