Legal Opinion
Federal Sav. and Loan Ins. Corp. v. Shelton
District Court, M.D. Louisiana
Decided March 3, 1992No. Civ. A. 86-393-BPublishedCited by 15 opinions
1Opinion of the Court
RULING ON JOINT MOTION FOR PARTIAL SUMMARY JUDGMENT REGARDING STANDARD OF CARE
POLOZOLA, District Judge.
This case requires the Court to determine the standard of care required of officers and directors in managing and operating a federally insured financial institution under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). 1
The Federal Savings and Loan Insurance Corporation (FSLIC) originally brought this suit against former directors and officers of the failed Sun Belt Federal Bank, F.S.B. (Sun Belt) seeking damages for imprudent loans, waste of the bank’s…
2Cases cited37 opinions
- Shaw v. Delta Air Lines, Inc.Supreme Court of the United States · 1983
- Hines v. DavidowitzSupreme Court of the United States · 1941
- Pepper v. LittonSupreme Court of the United States · 1939
- Florida Lime & Avocado Growers, Inc. v. PaulSupreme Court of the United States · 1963
- Fidelity Federal Savings & Loan Ass'n v. De La CuestaSupreme Court of the United States · 1982
32 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Omnitech International, Inc. v. Clorox Co.Court of Appeals for the Fifth Circuit · 1994
- Federal Deposit Insurance Corporation v. CanfieldCourt of Appeals for the Tenth Circuit · 1992
- Federal Sav. and Loan Ins. Corp. v. SheltonDistrict Court, M.D. Louisiana · 1992
- Resolution Trust Corporation v. Louis A. Miramon, Jr.Court of Appeals for the Fifth Circuit · 1994
- Resolution Trust Corp. v. HessDistrict Court, D. Utah · 1993
10 more not listed; retrieve them via the Exa API.