Legal Opinion
MBIA Insurance v. Federal Deposit Insurance
Court of Appeals for the D.C. Circuit
Decided March 8, 2013No. 11-5317PublishedCited by 25 opinions
1Opinion of the Court
Opinion for the Court by Circuit Judge ROGERS.
ROGERS, Circuit Judge:
The issue in this appeal is whether payments made by the MBIA Insurance Corporation (“MBIA”) to investors in mortgage securitizations of a failed bank (IndyMac Bank, F.S.B.) constitute “administrative expenses” entitled to priority under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”), Pub.L. No. 101-73, 103 Stat. 183 (Aug. 9, 1989), 12 U.S.C. § 1821(d)(ll)(A). MBIA sued as the third party beneficiary of the Pooling and Servicing Agreements (“PSAs”) of the failed bank. It alleged that the…
2Cases cited29 opinions
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- Skidmore v. Swift & Co.Supreme Court of the United States · 1944
- United States v. Mead Corp.Supreme Court of the United States · 2001
- Russello v. United StatesSupreme Court of the United States · 1983
- Food & Drug Administration v. Brown & Williamson Tobacco Corp.Supreme Court of the United States · 2000
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3Cited by25 opinions
- Perry Capital LLC v. MnuchinCourt of Appeals for the D.C. Circuit · 2017
- Perry Capital LLC v. LewDistrict Court, District of Columbia · 2014
- Alexander v. Washington Metropolitan Area Transit AuthorityCourt of Appeals for the D.C. Circuit · 2016
- Deutsche Bank National Trust Co. v. Federal Deposit InsuranceCourt of Appeals for the Ninth Circuit · 2014
- Apton v. Volkswagen Group of America, Inc.District Court, District of Columbia · 2017
20 more not listed; retrieve them via the Exa API.