Legal Opinion

Popkin v. Jacoby (In re Sunrise Securities Litigation)

Court of Appeals for the Third Circuit

Decided October 17, 1990No. 89-2116PublishedCited by 4 opinions

1Opinion of the Court

OPINION OF THE COURT

SCIRICA, Circuit Judge.

In this appeal, we consider the legal limitations on the rights of depositors to assert individual RICO claims against the directors, officers, auditors, and outside counsel of an insolvent savings and loan association, rather than to recover their losses through the receiver’s actions on their behalf, or by way of a derivative suit. The plaintiffs in this class action, former depositors of Sunrise Savings & Loan Asso*876ciation of Florida (“Old Sunrise”), a Florida corporation, and Sunrise Savings & Loan Association (“New Sunrise”), a federal mutual…

2Cases cited41 opinions

  1. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  2. Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
  3. Cort v. AshSupreme Court of the United States · 1975
  4. Burford v. Sun Oil Co.Supreme Court of the United States · 1943
  5. Burks v. LaskerSupreme Court of the United States · 1979

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3Cited by4 opinions

  1. Hamid v. WaterhouseCourt of Appeals for the Ninth Circuit · 1995
  2. Federal Deposit Insurance v. Ernst & Young, LLPDistrict Court, N.D. Illinois · 2003
  3. Bell v. Federal Deposit Insurance (In Re Collins Securities Corp.)District Court, E.D. Arkansas · 1992
  4. In Re Sunrise Securities Litigation.Court of Appeals for the Third Circuit · 1990

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