Legal Opinion
Federal Deposit Insurance Corp. v. Ching
District Court, E.D. California
Decided May 27, 2016No. 2:13-cv-01710-KJM-EFBPublishedCited by 1 opinion
1Opinion of the Court
ORDER
Kimberly Mueller, UNITED STATES DISTRICT JUDGE
The Federal Deposit Insurance Corporation (FDIC),1 acting as receiver for Butte Community Bank (the Bank), brought this lawsuit against several of the Bank’s former officers and' directors. Its case concerns a series of transactions in the first half of 2008. The FDIC alleges these transactions were the directors’ attempt to strip the Bank of cash and assets it desperately needed to weather the 2008 financial crisis. The. directors aver they intended nothing untoward but rather designed the transactions to benefit the Bank’s shareholder and…
2Cases cited44 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- First Nat. Bank of Ariz. v. Cities Service Co.Supreme Court of the United States · 1968
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3Cited by1 opinion
- Lewis Edward Waldeisen v. BLC Mirage Inn L.P.District Court, C.D. California · 2024