Legal Opinion
Resolution Trust Corp. v. Gallagher
Court of Appeals for the Seventh Circuit
Decided November 9, 1993No. 92-4023PublishedCited by 30 opinions
1Opinion of the Court
KANNE, Circuit Judge.
In 1990, the Resolution Trust Corporation (“RTC”)1 placed the Concordia Federal Bank for Savings (“Concordia”), a federally chartered and federally insured thrift into receivership. On February 14, 1991, the RTC filed this action against the former directors and officers of Concordia. The complaint sought to recover losses for the defendants’ alleged negligence, breach of fiduciary duty, gross negligence, and breach of contract. The RTC alleged that the defendants’ conduct caused Concordia to incur substantial losses which resulted in Concordia’s failure.
The defendants…
2Cases cited31 opinions
- Cannon v. University of ChicagoSupreme Court of the United States · 1979
- Consumer Product Safety Commission v. GTE Sylvania, Inc.Supreme Court of the United States · 1980
- Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
- Kaiser Aluminum & Chemical Corp. v. BonjornoSupreme Court of the United States · 1990
- Clarke v. Securities Industry Assn.Supreme Court of the United States · 1987
26 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- In Re Silicon Graphics, Inc. Securities LitigationDistrict Court, N.D. California · 1997
- Merrill Lynch, Pierce, Fenner & Smith, Inc. And Patrick Palella v. Peter H. Lauer and Therese A. LauerCourt of Appeals for the Seventh Circuit · 1995
- In Re Telxon Corp. Securities LitigationDistrict Court, N.D. Ohio · 1999
- Miller Aviation v. Milwaukee County Board of SupervisorsCourt of Appeals for the Seventh Circuit · 2001
- Eaton v. Onan Corp.District Court, S.D. Indiana · 2000
25 more not listed; retrieve them via the Exa API.