Legal Opinion
Meriden Trust & Safe Deposit Co. v. Federal Deposit Insurance
Court of Appeals for the Second Circuit
Decided August 2, 1995No. 1368, Docket 94-6219PublishedCited by 1 opinion
1Opinion of the Court
MESKILL, Circuit Judge:
Meriden Trust and Safe Deposit Company (Meriden Trust), Cenvest, Inc. of Meriden, Connecticut (Cenvest), and the shareholders of Meriden Trust appeal a judgment of the United States District Court for the District of Connecticut, Covello, J., affirming the assessment by the Federal Deposit Insurance Corporation (FDIC) of the full amount of the losses resulting from the failure of a commonly owned bank. We conclude, in a ease of first impression in this Circuit, that the assessment was proper under the Federal Deposit Insurance Act’s cross-guarantee provision, 12 U.S.C.…
2Cases cited19 opinions
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- Immigration & Naturalization Service v. Cardoza-FonsecaSupreme Court of the United States · 1987
- Penn Central Transportation Co. v. New York CitySupreme Court of the United States · 1978
- Lucas v. South Carolina Coastal CouncilSupreme Court of the United States · 1992
- Pennsylvania Coal Co. v. MahonSupreme Court of the United States · 1922
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3Cited by1 opinion
- The Meriden Trust And Safe Deposit Company v. Federal Deposit Insurance CorporationCourt of Appeals for the Second Circuit · 1995