Telematics International, Inc. v. Nemlc Leasing Corporation
Court of Appeals for the First Circuit
1Opinion of the Court
LOUIS H. POLLAK, Senior District Judge.
This case requires us to address the scope of a federally-created receiver’s power to exercise its statutory powers free of judicial interference. We conclude that under 12 U.S.C. § 1821®, a federal court lacks jurisdiction to enjoin the Federal Deposit Insurance Corporation (FDIC), acting in its role as receiver for a banking institution, from attaching a certificate of deposit in which the banking institution holds a security interest.
I. Factual and Procedural Background
Underlying this action is an equipment lease that was initially executed in…
2Cases cited7 opinions
- Kaiser Aluminum & Chemical Corp. v. BonjornoSupreme Court of the United States · 1990
- American Tobacco Co. v. PattersonSupreme Court of the United States · 1982
- United States v. JamesSupreme Court of the United States · 1986
- Coit Independence Joint Venture v. Federal Savings & Loan InsuranceSupreme Court of the United States · 1989
- Rosa v. Resolution Trust Corp.Court of Appeals for the Third Circuit · 1991
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- United Liberty Life Insurance Company v. Timothy RyanCourt of Appeals for the Sixth Circuit · 1993
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