Legal Opinion
Resolution Trust Corporation v. Henry Chapman
Court of Appeals for the Seventh Circuit
Decided September 8, 1994No. 93-1514PublishedCited by 48 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Eight months ago we held that “Congress ‘spoke directly’ to the issue of what standard of liability governs suits by the RTC [Resolution Trust Corporation] against officers and directors of failed federally chartered financial institutions.” RTC v. Gallagher, 10 F.3d 416, 419 (7th Cir.1993). That standard, we concluded, is gross negligence, according to the terms of 12 U.S.C. § 1821(k).
Here we go again. The RTC is suing the former directors and officers of Security Savings and Loan Association, a failed federally chartered financial institution, on the theory that…
2Cases cited29 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Cipollone v. Liggett Group, Inc.Supreme Court of the United States · 1992
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
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3Cited by48 opinions
- Atherton v. Federal Deposit Insurance Corp.Supreme Court of the United States · 1997
- Terrance Berger and Donald Laxton v. Axa Network LLC and Equitable Life Assurance Society of the United StatesCourt of Appeals for the Seventh Circuit · 2006
- Citizens Electric Corporation, as Representative of a Class v. Bituminous Fire & Marine Insurance CompanyCourt of Appeals for the Seventh Circuit · 1995
- Ernest J. Nagy v. Riblet Products Corporation, David Bistricer, and Nachum SteinCourt of Appeals for the Seventh Circuit · 1996
- BP Oil International, Ltd. v. Empresa Estatal Petroleos De EcuadorCourt of Appeals for the Fifth Circuit · 2003
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