Legal Opinion
Federal Deposit Insurance v. Bank of New York
District Court, District of Columbia
Decided January 29, 2007No. Civil. Action No. 06-1975 (ESH)PublishedCited by 20 opinions
1Opinion of the Court
MEMORANDUM OPINION
HUVELLE, District Judge.
The Bank of New York (“BNY”) is the indenture trustee for investors (“Notehold-ers”) who purchased asset-backed securities from the NextCard Credit Card Master Note Trust (“Trust”), which the now-defunct NextBank, N.A. (“NextBank”) established in December 2000 to finance its internet-based consumer credit card business. After NextBank failed in February 2002 and the Federal Deposit Insurance Corporation (“FDIC”) was appointed receiver, the Noteholders commenced what has now become a four-year challenge to the FDIC’s rights to the NextBank credit card…
2Cases cited34 opinions
- Chambers v. Nasco, Inc.Supreme Court of the United States · 1991
- Landis v. North American Co.Supreme Court of the United States · 1936
- Alyeska Pipeline Service Co. v. Wilderness SocietySupreme Court of the United States · 1975
- Hall v. ColeSupreme Court of the United States · 1973
- Chick Kam Choo v. Exxon Corp.Supreme Court of the United States · 1988
29 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Bank of New York v. First Millennium, Inc.Court of Appeals for the Second Circuit · 2010
- 16th & K Hotel, Lp v. Commonwealth Land Title Insurance CompanyDistrict Court, District of Columbia · 2011
- Bank of New York v. Federal Deposit InsuranceCourt of Appeals for the D.C. Circuit · 2007
- Yueh-Lan Wang Ex Rel. Wen-Young Wong v. New Mighty U.S. TrustDistrict Court, District of Columbia · 2017
- AZAMAR v. SternDistrict Court, District of Columbia · 2009
15 more not listed; retrieve them via the Exa API.