Legal Opinion
Adams v. Madison Realty & Development, Inc.
Court of Appeals for the Third Circuit
Decided June 27, 1991No. 90-5918PublishedCited by 31 opinions
1Opinion of the Court
OPINION OF THE COURT
COWEN, Circuit Judge.
This appeal raises the question whether investors who sign unconditional promissory notes can raise fraud in the inducement as a defense to enforcement of those notes by the Resolution Trust Corporation (the *850“RTC”), where the RTC acquired the notes by taking over a bank that purchased them on the secondary market. The district court granted summary judgment in favor of the RTC, holding that the investors were estopped under the federal common law D’Oench, Duhme doctrine and 12 U.S.C. § 1823(e) from asserting their claims and defenses against the RTC.…
2Cases cited11 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Ferens v. John Deere Co.Supreme Court of the United States · 1990
- Federal Deposit Insurance Corporation v. Blue Rock Shopping Center, Inc., a Delaware Corporation. Appeal of Max Ambach and Rose AmbachCourt of Appeals for the Third Circuit · 1985
6 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Resolution Trust Corp. v. Dunmar Corp.Court of Appeals for the Eleventh Circuit · 1995
- Coast Cities Truck Sales, Inc. v. Navistar International Transportation Co.District Court, D. New Jersey · 1995
- Wurzl v. HollowayCalifornia Court of Appeal · 1996
- Central W. Rental Co. D/B/A Cte Leasing Corp., William J. Simmers and His Wife Cassandra Simmers v. Horizon Leasing, a Division of Horizon Financial, F.A. Federal Deposit Insurance Corporation, Exclusive Manager of the Resolution Trust Corporation as Receiver for Horizon Financial, F.A., Horizon Leasing, Counter v. William J. Simmers and Cassandra Simmers, CounterCourt of Appeals for the Third Circuit · 1992
- Lesal Interiors, Inc. v. Resolution Trust Corp.District Court, D. New Jersey · 1994
26 more not listed; retrieve them via the Exa API.