Legal Opinion
Federal Deposit Insurance v. Canfield
Court of Appeals for the Tenth Circuit
Decided February 24, 1992No. 91-4143PublishedCited by 1 opinion
1Opinion of the Court
SEYMOUR, Circuit Judge.
This case presents a question of statutory construction. The Federal Deposit Insurance Corporation (FDIC), in its corporate capacity, brought this action against the officers and directors of the failed Tracy Collins Bank & Trust Company seeking to hold them liable for their allegedly negligent management of the institution. The district court granted defendants’ motion to dismiss, holding that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), 12 U.S.C. § 1821(k) (Supp. I 1989), barred the FDIC from seeking damages from directors and…
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3Cited by1 opinion
- Federal Deposit Insurance Corporation v. CanfieldCourt of Appeals for the Tenth Circuit · 1992