Legal Opinion

Ron Grubb and Weatherford Interstate Financial Corporation, Plaintiffs v. Federal Deposit Insurance Corporation

Court of Appeals for the Tenth Circuit

Decided February 16, 1988No. 86-1687, 86-1728PublishedCited by 44 opinions

1Opinion of the Court

SEYMOUR, Circuit Judge.

Federal Deposit Insurance Corporation (FDIC) has moved this court to exonerate supersedeas bonds posted to secure a stay of execution of the judgments below pending this appeal. FDIC contends that, as an entity of the United States government, it is entitled by 28 U.S.C. § 2408 (1982) to be relieved of the obligation to furnish and maintain security. We disagree with this contention and deny the motion to exonerate.

Plaintiffs Ron Grubb and Weatherford Interstate Financial Corporation (Grubb) instituted this suit for damages against First National Bank & Trust Company of…

2Cases cited11 opinions

  1. Scott v. ArmstrongSupreme Court of the United States · 1892
  2. Poplar Grove Planting and Refining Co., Inc. v. Bache Halsey Stuart, Inc.Court of Appeals for the Fifth Circuit · 1979
  3. Merrill v. National Bank of JacksonvilleSupreme Court of the United States · 1899
  4. Ticonic National Bank v. SpragueSupreme Court of the United States · 1938
  5. Cumberland Telephone & Telegraph Co. v. Louisiana Public Service CommissionSupreme Court of the United States · 1922

6 more not listed; retrieve them via the Exa API.

3Cited by44 opinions

  1. Lyons v. Jefferson Bank & TrustCourt of Appeals for the Tenth Circuit · 1993
  2. Olcott v. Delaware Flood Co.Court of Appeals for the Tenth Circuit · 1996
  3. Lyons v. Jefferson Bank & TrustCourt of Appeals for the Tenth Circuit · 1993
  4. Ron Grubb v. Federal Deposit Insurance CorporationCourt of Appeals for the First Circuit · 1989
  5. United States v. JarvisCourt of Appeals for the Tenth Circuit · 2007

39 more not listed; retrieve them via the Exa API.

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