Legal Opinion

Hassett v. Federal Deposit Insurance (In Re CIS Corp.)

District Court, S.D. New York

Decided May 8, 1992No. 89 B10073-10084 (PBA), No. 91 Civ. 8736 (TPG), Adv. No. 91-6372APublishedCited by 9 opinions

1Opinion of the Court

OPINION

GRIESA, District Judge.

CIS Corporation and related companies are involved in Chapter 11 proceedings. Plaintiff James P. Hassett is the Chapter 11 Trustee. There is a dispute between CIS and Capitol Bank & Trust Company about whether the bank does or does not have a security interest in certain equipment. The FDIC has been appointed receiver of the Bank. Plaintiff Hassett has sued the FDIC in the Bankruptcy Court seeking a declaratory judgment.

The FDIC has moved in the Bankruptcy Court to dismiss the action on the ground that plaintiff failed to exhaust an administrative remedy provided…

2Cases cited5 opinions

  1. United States v. United Mine Workers of AmericaSupreme Court of the United States · 1947
  2. Circle Industries, Division of Nastasi-White, Inc. v. City Federal Savings BankDistrict Court, E.D. New York · 1990
  3. Pension Benefit Guaranty Corp. v. LTV Corp. (In Re Chateaugay Corp.)District Court, S.D. New York · 1988
  4. Morris v. Resolution Trust Corp. (In Re Mid America Entertainment Plus, Inc.)District Court, D. Kansas · 1991
  5. Wills Motors, Inc. v. Volvo North America Corp.District Court, S.D. New York · 1991

3Cited by9 opinions

  1. Walker, Truesdell, Roth & Associates ex rel. Extended Stay Litigation Trust v. Blackstone Group, L.P. (In re Extended Stay, Inc.)District Court, S.D. New York · 2011
  2. All Season's Kitchen, Inc. v. Federal Deposit Insurance (In Re All Season's Kitchen, Inc.)United States Bankruptcy Court, D. Vermont · 1992
  3. Putnam County Savings Bank v. Bagen (In Re Bagen)United States Bankruptcy Court, S.D. New York · 1995
  4. Coe-Truman Technologies, Inc. v. United States GovernmentDistrict Court, N.D. Illinois · 1997
  5. Scott v. American Security Insurance Co. (In re Scott)United States Bankruptcy Court, S.D. New York · 2017

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