Legal Opinion
Ernst & Young v. Depositors Economic Protection Corp.
Court of Appeals for the First Circuit
Decided January 25, 1995No. 94-1749PublishedCited by 226 opinions
1Opinion of the Court
SELYA, Circuit Judge.
Plaintiff-appellant Ernst & Young (E & Y), an accounting firm, asked the United States District Court for the District of Rhode Island to strike down R.I.Gen.Laws § 42-116-40 (1993) (the Depco Act) on constitutional grounds. The district court dismissed the complaint because the controversy lacked ripeness, and, alternatively, because it invited abstention. E & Y appeals. We affirm.
I. BACKGROUND
In January 1991, Bruce Sundlun, newly inaugurated Governor of Rhode Island, proclaimed a banking emergency precipitated by the collapse of the Rhode Island Share and Deposit…
2Cases cited36 opinions
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- Aetna Life Insurance v. HaworthSupreme Court of the United States · 1937
- Maryland Casualty Co. v. Pacific Coal & Oil Co.Supreme Court of the United States · 1941
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3Cited by226 opinions
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