Legal Opinion
Federal Deposit Insurance Corporation v. The Aetna Casualty & Surety Company v. Jacob F. Butcher Jesse A. Barr and Lionel B. Wilde, Third-Party
Court of Appeals for the Third Circuit
Decided January 24, 1992No. 90-5838PublishedCited by 44 opinions
1Opinion of the Court
RALPH B. GUY, Jr., Circuit Judge.
Defendant Aetna Casualty & Surety Company (Aetna) appeals from a jury verdict awarding $5,950,000 to the Federal Deposit Insurance Corporation (FDIC). Aet-na had refused to make payment on a bankers blanket bond issued to the failed United American Bank (UAB) in Knoxville, Tennessee. The FDIC was the receiver for UAB and claimed entitlement to coverage and payment under the bond.
On appeal, Aetna argues that (1) the district court erred when it held that 12 U.S.C. § 1823(e) barred Aetna’s misrepresentation and adverse agency defenses, (2) the district court…
2Cases cited31 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
- Phoenix Savings and Loan, Inc. v. The Aetna Casualty and Surety CompanyCourt of Appeals for the Fourth Circuit · 1967
26 more not listed; retrieve them via the Exa API.
3Cited by44 opinions
- Federal Deposit Insurance v. Great American InsuranceCourt of Appeals for the Second Circuit · 2010
- National Union Fire Insurance Company of Pittsburgh, Pa v. City SavingsCourt of Appeals for the Third Circuit · 1994
- Federal Deposit Insurance Corporation v. J. William OldenburgCourt of Appeals for the Tenth Circuit · 1994
- Tower Investors, LLC v. 111 East Chestnut Consultants, Inc.Appellate Court of Illinois · 2007
- Levy v. Federal Deposit InsuranceCourt of Appeals for the First Circuit · 1993
39 more not listed; retrieve them via the Exa API.