Legal Opinion
Federal Deposit Insurance v. Deglau
Court of Appeals for the Third Circuit
Decided March 13, 2000No. 98-1113UnknownCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
CUDAHY, Circuit Judge.
In 1983, Louis Deglau wanted to get into the business of reclaiming coal from “gob piles.” He presented his idea to Gregor F. Meyer, an attorney and a member of the board of Horizon Financial, F.A., (Horizon) a federally chartered savings and loan association based in Bucks County, Pennsylvania. Horizon expressed interest in becoming the venture capital backer of the plan. Deglau formed Kelt, Inc. to carry on the business, and issued one hundred shares of stock to himself as sole shareholder. In March 1985, Kelt obtained from Horizon a loan of $1.15…
2Cases cited38 opinions
- Landgraf v. USI Film ProductsSupreme Court of the United States · 1994
- Hanna v. PlumerSupreme Court of the United States · 1965
- Bradley v. School Bd. of RichmondSupreme Court of the United States · 1974
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
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3Cited by2 opinions
- Federal Deposit Insurance Corp. v. DeglauCourt of Appeals for the Third Circuit · 2000
- Moore v. GranlundDistrict Court, M.D. Pennsylvania · 2021