Legal Opinion
Federal Deposit Insurance Corporation, As Receiver For First NBC Bank v. Murex LLC f/k/a Murex N.A. Ltd.
District Court, S.D. New York
Decided November 12, 2020No. 1:16-cv-07703Unknown
1Opinion
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK THE FEDERAL DEPOSIT INSURANCE CORPORATION, as receiver for FIRST NBC BANK, 16 Civ. 7703 (PAE) Plaintiff, OPINION & -v- ORDER MUREX LLC, Defendant. PAUL A. ENGELMAYER, District Judge: This case concerns a bank’s purchases of receivables from defendant Murex LLC (“Murex”), and whether the allegedly sham nature of the transactions underlying those receivables requires Murex to buy them back. The bank, First NBC Bank (“FNBC”), originally brought this action in 2016. But in 2017, the Louisiana Office of Financial Institutions closed FNBC…
2Cases cited78 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
- Hicks v. BainesCourt of Appeals for the Second Circuit · 2010
- Clark-Fitzpatrick, Inc. v. Long Island Rail RoadNew York Court of Appeals · 1987
- W.W.W. Associates, Inc. v. GiancontieriNew York Court of Appeals · 1990
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