Legal Opinion
Resolution Trust Corp. v. Rice
Court of Appeals for the Ninth Circuit
Decided March 23, 1995No. 94-15431PublishedCited by 1 opinion
1Opinion of the Court
LAY, Circuit Judge:
Gene Rice, Lola Rice, Ernest Modzelewski, and Nancy Modzelewski (“the Nonsettlors”) appeal the district court’s approval of the partial settlement of a Resolution Trust Corporation (“RTC”) lawsuit against many of Merabank’s former directors and officers.1 In addition to the RTC’s suit, the settlement encompassed a number of interrelated actions arising out of the failure of Merabank, after which the RTC became receiver. These included two shareholders’ class actions, a derivative suit, and directors’ and officers’ contested compensation suits. Ultimately, over forty parties…
2Cases cited2 opinions
- Fed. Sec. L. Rep. P 96,957 in Re U.S. Oil and Gas Litigation. Gerald B. Wald, Receiver of U.S. Oil and Gas Corporation, Eagle Oil and Gas Corporation, the Stratford Company v. Gurdon Wolfson, Pinnacle Reinsurance Company, Ltd., a Bermuda Corporation, Defendant-Cross Claim Alexander & Alexander, Inc., a Foreign Corporation, Jerrell Riley, Defendants-Cross Claim Edward B. And Tina M. Learned, Individually and on Behalf of All Persons Who Purchased Oil and Gas Programs Coupled With an Annuity From U.S. Oil and Gas Corporation and the Stratford Company v. Gurdon WolfsonCourt of Appeals for the Eleventh Circuit · 1992
- Ernest F. Modzelewski v. Resolution Trust Corporation, as Receiver for Merabank, a Federal Savings Bank, Gene E. Rice v. Resolution Trust Corporation, as Receiver for Merabank, a Federal Savings BankCourt of Appeals for the Ninth Circuit · 1994
3Cited by1 opinion
- In Re Consolidated Pinnacle West Securities LitigationCourt of Appeals for the Ninth Circuit · 1995