Legal Opinion
Federal Deposit Insurance v. Mahajan
District Court, N.D. Illinois
Decided February 12, 2013No. 11 C 7590PublishedCited by 13 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
VIRGINIA M. KENDALL, District Judge.
Plaintiff Federal Deposit Insurance Corporation(the “FDIC”) as receiver for Mutual Bank (the “Bank”) sued the Defendants for gross negligence under the Financial Institutions Reform, Recovery and Enforcement Act (“FIRREA”), together with various state law claims including negligence, breach of fiduciary duty, and the wasting of corporate assets. The claims arise from the Bank’s loss of $115 million and subsequent business failure allegedly as a result of risky construction and commercial real estate loans arid the improper…
2Cases cited23 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- United States v. GaubertSupreme Court of the United States · 1991
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
- Diane Colby, on Her Own Behalf and That of All Other Persons Similarly Situated v. J.C. Penney Company, Inc.Court of Appeals for the Seventh Circuit · 1987
- Jennifer Venters v. City of Delphi and Larry IvesCourt of Appeals for the Seventh Circuit · 1997
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3Cited by13 opinions
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- Made In Nature, LLC v. Pharmavite LLC, Trademark Trial and Appeal Board2022
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