Legal Opinion
Federal Deposit Insurance Corporation v. David J. Wabick, Patricia A. Wabick, Lawrence Ettner
Court of Appeals for the Seventh Circuit
Decided August 8, 2003No. 02-4081PublishedCited by 20 opinions
1Opinion of the Court
FLAUM, Chief Judge.
The defendants, David Wabick, Patricia Wabick, Lorraine Wabick, Larry Ettner, Janelle Ettner, and Paul Freitag, 1 (collectively “defendants”) allegedly participated in a scheme to defraud the Resolution Trust Corporation (“RTC”) in 1992. The scheme succeeded with the defendants improperly winning a sealed auction of financial assets. The assets were sold at an allegedly depressed price to the defendants for $66,750,000. Despite the magnitude of the transaction involved, the Federal Deposit Insurance Corporation (“FDIC”), successor to the RTC, did not bring suit against the…
2Cases cited12 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Richards v. United StatesSupreme Court of the United States · 1962
- United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
7 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Leonard v. Dorsey & Whitney LLPCourt of Appeals for the Eighth Circuit · 2009
- Terrance Berger and Donald Laxton v. Axa Network LLC and Equitable Life Assurance Society of the United StatesCourt of Appeals for the Seventh Circuit · 2006
- Marquis Wilson v. United StatesCourt of Appeals for the Third Circuit · 2023
- Federal Housing Finance Agency v. Countrywide Financial Corp.District Court, C.D. California · 2012
- Browning v. AT & T CORP.District Court, N.D. Illinois · 2009
15 more not listed; retrieve them via the Exa API.