Legal Opinion

Zinman v. Federal Deposit Ins. Corp.

District Court, E.D. Pennsylvania

Decided June 30, 1983No. Civ. A. 80-3281PublishedCited by 4 opinions

1Opinion of the Court

MEMORANDUM and ORDER

SHAPIRO, District Judge.

I. INTRODUCTION

Plaintiff, owner of common stock of First Pennsylvania Corporation (“First Pennsy”), the holding company of the First Pennsylvania Bank, NA (“First Pennsylvania Bank” or “Bank”), instituted this action, individually and on behalf of a putative class of shareholders of all common stock to challenge the statutory authority of the Federal Deposit Insurance Corporation (“FDIC”) in imposing certain conditions to a financial assistance package offered the First Pennsylvania Bank. 1

Plaintiff’s amended complaint seeks declaratory and…

2Cases cited22 opinions

  1. Cort v. AshSupreme Court of the United States · 1975
  2. Red Lion Broadcasting Co. v. Federal Communications CommissionSupreme Court of the United States · 1969
  3. J. I. Case Co. v. BorakSupreme Court of the United States · 1964
  4. National Railroad Passenger Corporation v. National Assn. of Railroad PassengersSupreme Court of the United States · 1974
  5. United States v. PriceSupreme Court of the United States · 1960

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3Cited by4 opinions

  1. Senior Unsecured Creditors' Committee of First Republic-Bank Corp. v. Federal Deposit InsuranceDistrict Court, N.D. Texas · 1990
  2. King v. DouglassDistrict Court, S.D. Texas · 1996
  3. Federal Deposit Ins. Corp. v. Arcadia Marine, Inc.District Court, S.D. New York · 1986
  4. Erwin v. Clark, Pennsylvania Court of Common Pleas, Dauphin County1997

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