Legal Opinion
Federal Deposit Insurance v. Bay Street Development Corp.
Court of Appeals for the First Circuit
Decided August 26, 1994No. Nos. 93-2237, 93-2238PublishedCited by 19 opinions
1Opinion of the Court
CYR, Circuit Judge.
The Federal Deposit Insurance Corporation (FDIC), as receiver, obtained summary judgment against defendants-appellants in an action to recover amounts due a failed savings bank on various loans and loan guaranties. On appeal, defendants contend that their defenses to FDIC’s claims are not barred by D’Oench, Duhme & Co. v. FDIC, 315 U.S. 447, 62 S.Ct. 676, 86 L.Ed. 956 (1942), and its statutory counterpart, 12 *638U.S.C. § 1823(e). We affirm the district court judgment.
I
BACKGROUND1
In March 1987, defendant-appellant Bay Street Development Corporation (Bay Street) entered into a…
2Cases cited16 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Norton Ex Rel. Chiles v. MathewsSupreme Court of the United States · 1976
- Resolution Trust Corp. v. GoldCourt of Appeals for the First Circuit · 1994
- Timberland Design, Inc. And William C. Barnsley v. First Service Bank for SavingsCourt of Appeals for the First Circuit · 1991
11 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Commonwealth of Massachusetts v. Blackstone Valley Electric CompanyCourt of Appeals for the First Circuit · 1995
- Motorcity of Jacksonville, Ltd. v. Southeast Bank N.A.Court of Appeals for the Eleventh Circuit · 1996
- Vadala v. Teledyne Industries, Inc.Court of Appeals for the First Circuit · 1995
- BTZ, Inc. v. Great Northern Nekoosa Corp.Court of Appeals for the First Circuit · 1995
- Nasso v. SeagalDistrict Court, E.D. New York · 2003
14 more not listed; retrieve them via the Exa API.