Legal Opinion
Federal Deposit Ins. v. O'Flahaven
District Court, D. New Hampshire
Decided July 11, 1994No. Civ. 91-433-BPublishedCited by 13 opinions
1Opinion of the Court
ORDER
KELLEHER, District Judge.
Teksource, Inc., a Massachusetts corporation, borrowed $400,000 from Hillsborough Bank and Trust. Defendants Kathleen O’Flahaven, Teksource’s President, and Percy Fennell, Chair of Teksource’s Board of Directors, signed the loan papers. Hillsbor-ough Bank was declared insolvent and its assets assumed by the Federal Deposit Insurance Corporation (FDIC). Teksource is also insolvent and has failed to pay its loan from Hillsborough. Asserting that O’Flaha-ven and Fennell signed the loan in their individual capacities and not simply as corporate agents, the FDIC…
2Cases cited34 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- 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
- Theodore L. Leblanc v. Great American Insurance CompanyCourt of Appeals for the First Circuit · 1993
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
29 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- United States v. Marvin P. JonesCourt of Appeals for the Eleventh Circuit · 1994
- City of Amsterdam v. Daniel Goldreyer, Ltd.District Court, E.D. New York · 1995
- Bolduc v. Beal Bank, SSBCourt of Appeals for the First Circuit · 1999
- Strahan v. CoxeDistrict Court, D. Massachusetts · 1996
- Bank of New Glarus v. SwartwoodCourt of Appeals of Wisconsin · 2006
8 more not listed; retrieve them via the Exa API.