Legal Opinion
Board of Governors of the Federal Reserve System v. MCorp Financial, Inc.
Supreme Court of the United States
Decided December 3, 1991No. 90-913PublishedCited by 313 opinions
1Opinion of the CourtJustice Stevens
MCorp, a bank holding company, filed voluntary bankruptcy petitions in March 1989. It then initiated an adversary proceeding against the Board of Governors of the Federal Reserve System (Board) seeking to enjoin the prosecution of two administrative proceedings, one charging MCorp with a violation of the Board’s “source of strength” regulation 1 and the other alleging a violation of § 23A of the Federal Reserve Act, as added, 48 Stat. 183, and amended. 2 The District Court enjoined both proceedings, and the Board appealed. The Court of Appeals held that the District Court had no jurisdiction…
2Cases cited7 opinions
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3Cited by313 opinions
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- Sulaiman Tarrawally v. John Ashcroft, Attorney General of the United StatesCourt of Appeals for the Third Circuit · 2003
- Hindes v. Federal Deposit Insurance CorporationCourt of Appeals for the Third Circuit · 1998
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