Legal Opinion
Employees' Retirement System v. Resolution Trust Corp.
District Court, S.D. New York
Decided December 22, 1993No. 92 Civ. 8435 (PNL)PublishedCited by 5 opinions
1Opinion of the Court
OPINION AND ORDER
LEVAL, District Judge.
Findings of Fact and Conclusions of Law
This case presents a number of important questions of first impression under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). The Resolution Trust Corporation (“RTC”) took over Franklin Savings Association (“Franklin”). Exercising its powers under FIRREA, the RTC acted to repudiate three series of secured zero coupon bonds issued by Franklin and to pay compensation to the bondholders limited to the “accreted value” of the bonds. The Trustee for the bondholders as well as a large percentage…
2Cases cited26 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Federated Department Stores, Inc. v. MoitieSupreme Court of the United States · 1981
- Brown v. FelsenSupreme Court of the United States · 1979
- Kenford Co. v. County of ErieNew York Court of Appeals · 1986
- Cook v. TullisSupreme Court of the United States · 1874
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3Cited by5 opinions
- Pens. Plan Guide P 23914i John T. Hennessy Michael B. High William A. Bracken Larry Gibson Martha C. Hitchcock Laurence A. Liss Ken Mancini George S. Rapp Roberta Griffin Torian Frank J. Soriero v. Federal Deposit Insurance Corporation, as Receiver for Meritor Savings Bank. Thomas Callahan v. Federal Deposit Insurance Corporation, as Receiver for Meritor Savings Bank. Appeal of John T. Hennessy, Roberta Griffin Torian, Michael B. High, William Bracken, Laurence Liss, Marty Hitchcock, George S. Rapp, Kenneth R. Mancini, Lawrence J. Gibson, Frank J. Soriero and Thomas Callahan, David A. Campbell, Jr. Robert F. Hanna Leslie Voth Helen T. Demarco, Individually, and Robert F. Hanna Helen T. Demarco, on Behalf of Themselves and All Others Similarly Situated (Separation Plan Class), and David A. Campbell, Jr., on Behalf of Himself and All Others Similarly Situated (Retiree Health Class), and David A. Campbell, Jr. Robert F. Hanna, on Behalf of Themselves and All Others Similarly Situated (Life Insurance Class) v. Federal Deposit Insurance Corporation, as Receiver for Meritor Savings Bank. Appeal of David A. Campbell, Jr., Robert F. Hanna, Helen T. Demarco and Leslie Voth, Joseph A. Adolf, Laurence J. Arnold, Christian F. Aurig, George W. Barber, Linda C. Barch, Richard F. Bate, Owen J. Behen, Lauren Bethea, Elizabeth L. Blankenhorn, Anne Marie Boback, Susan M. Brown, John J. Buczek, George S. Bunting, Mary Ann C. Burch, Edith Burkeitt, Thomas P. Callahan, David A. Campbell, Jr., Karla J. Carney, John M. Casamento, Jr., William J. Cathcart, Lisa Cavalli, Nancy L. Ceffaratti, Joseph D. Cellucci, Esther Cerbo, Carole A. Circucci, Anthony R. Coogan, Larry A. Cook, Samuel J. Cook, Wallace P. Cooney, Paul L. Coppola, Lorene C. Coquillette, Betty R. Corley, Harriet S. Corley, Joan T. Corson, David E. Coverdale, Mary C. Craige, Loius T. Cullen, John F. Culp, Edward D. Custer, Michael Czincila, Joan E. Debes, Irene v. Delizzio, Gail L. Delviscio, Harold L. Dempsey, Harold C. Dengel, Debra Anne Denight, Beatrice L. Desher, Joseph H. Devore, Jr., Anna S. Difelice, Mario Difelice, Mary Ann Digregorio, Leonid A. Dobrinin, Sarah S. Doody, Joseph M. Duffy, Leonard T. Ebert, John A. Fatula, Charles J. Ferrie, George W. Fetters, Jr., Lore L. Fisher, John P. Fogarty, Cynthia M. Ford, Doris Gagliardi, Barbara A. Gibson, Frances J. Gillen, William R. Goettle, Charles W. Gray, Iii, Eugene A. Heiwig, William H. Hilliard, William H.H. Hsu, Stanley E. Hunt, Charles C. Jones, Thomas C. Keiser, Kathleen F. Kelly, Lynn M. Kelly, Ethel S. Keowen, John Andrew Kinnerman, Philip W. Klinger, C. Andrew Krepps, Jr., John David Lambert, Michael G. Lewis, Patricia Leuthy, Salvatore Lizzio, Aldo S. Lombardi, Elisabeth W. Lord, Kathleen Lynch, E. David MacNally William C. MacNeill Jr., Frank Joseph Marullo, Edward M. Mason, Jr., Thomas G. Marvel, Ruth A. McAllister Joseph F. McCole Christine D. McCormick Philip J. McCormick Janet B. McCourt David C. Melnicoff, Freda I. Millar, Anthony M. Mingarino, Joseph J. Moffa, Linda Lee Montana, Barbara L. Morgan, Marion D. Morgan, Leonard v. Morris, David D. Morrison, Mary T. Murphy, Anthony J. Nocella, William A. Norris, Iii, Martha K. Nylund, Mary E. Orr, John T. Osmian, Charles E. Padgett, Patricia Pawling, Howard F. Pearce, Catherine P. Piccone, Peter P. Pryzbylkowski, Darlene E. Purugganan, Elizabeth L. Rafetto, Edward W. Rapp, Luba K. Reilly, Louise M. Reitano, Antoinette D. Rendino, Ms. Jamie Rindock, Jean Davis Robinson, Richard Rogers, Diane S. Rohr, Herbert A. Roth, Anthony J. Santilli, Jr., Kathleen M. Sawchynsky, Ruth C. Schmidt, Michael F. Scutti, Martin Selgrath, John W. Semple, Joseph F. Slane, Robert A. Smalley, Elizabeth K. Sonneborn, Fred B. Staas, Walter R. Staples, Robert C. Steinman, Arthur W. Stettler, Jean J. Stubbs, Anthony Tabasco, Robert B. Taylor, Annita L. Tedesco, Kenneth C. Thomas, Patricia E. Thompson, Dianne T. Tindall, James M. Toolan, Morris Varano, Stanley J. Verbeek, Donna Volz, Leslie C. Voth, Theresa M. Webb, Cynthia West, Robert B. Whitelaw, Alton T. Winner, Jr., Anne M. Wise, Verdella Wright, Anthony J. Zongaro and Lina G. Zanoni v. Federal Deposit Insurance Corporation, as Receiver for Meritor Savings BankCourt of Appeals for the Third Circuit · 1995
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