Resolution Trust Corp. v. Stone
Court of Appeals for the Tenth Circuit
1Opinion of the Court
EBEL, Circuit Judge.
FACTS
This case arises from the purchase by a savings and loan of approximately $10 million in automobile loan paper known as “enhanced automobile receivables” (“EARs”). EARs are basically car loans purchased from automobile dealers and resold on the secondary market in a package that contains certain enhancements to insure collectability.
The original plaintiff in this action was Standard Federal Savings Bank (“Standard Federal”), the savings and loan that bought the EARs. After trial, however, Standard Federal was declared insolvent, and the Resolution Trust Corporation…
2Cases cited47 opinions
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
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- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Provident Tradesmens Bank & Trust Co. v. PattersonSupreme Court of the United States · 1968
- Reves v. Ernst & YoungSupreme Court of the United States · 1993
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