Legal Opinion
McCullough v. F.D.I.C. Ex Rel. Bank of New England, N.A.
District Court, D. Massachusetts
Decided April 10, 1992No. Civ. A. 91-12852-HPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM AND ORDER
HARRINGTON, District Judge.
The plaintiffs brought this action against the FDIC in its capacity as receiver of the failed Bank of New England (“BNE”). In their Complaint the plaintiffs allege that BNE was the financier and co-developer of an industrial condominium project in which the plaintiffs bought four units. The plaintiffs funded this purchase with a. promissory note from the BNE in the amount of $350,000 secured by a mortgage on the units. Plaintiffs allege that at the time of this sale BNE was aware that the property was subject to a Notice of Responsibility, issued…
2Cases cited5 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Federal Deposit Insurance Corporation, Continental Illinois National Bank & Trust Company of Chicago, Federal Deposit Insurance Corporation, as Receiver of First National Bank and Trust Company of Oklahoma City, Oklahoma, Plaintiff-Counterclaim v. Ray Bell Atex Oil Company Atex Oil Company of Texas Atex Stations, Inc. Atex Refining Company Anderson-Prichard Pipe Line Corporation Atex Oil Company of Oklahoma Inc. Anson Pipeline Co. Anson Refining Co. Atex Pipeline Co. And Oklahoma Pipeline Co., Oklahoma Pipeline Co. Atex Pipeline Co. And Atex Oil Company of Oklahoma Inc., Defendants-Third-Party and Meridith R. Sheets, Inc. v. Trudy Perry, Third-PartyCourt of Appeals for the First Circuit · 1990
- Grant County Savings & Loan Ass'n v. Resolution Trust Corp.District Court, E.D. Arkansas · 1991
- McCaugherty v. SiffermannDistrict Court, N.D. California · 1991
3Cited by1 opinion
- David J. McCullough and Winifred M. McCullough v. Federal Deposit Insurance Corporation, as Receiver for Bank of New England, N.A.Court of Appeals for the First Circuit · 1993