Legal Opinion

Lesal Interiors, Inc. v. Echotree Associates, L.P.

Court of Appeals for the Third Circuit

Decided February 10, 1995No. 93-5707, 94-5047UnknownCited by 1 opinion

1Opinion of the Court

OPINION OF THE COURT

ALITO, Circuit Judge:

Lesal Interiors, Inc. (“Lesal”) has appealed a district court order entering judgment against it on claims that it originally asserted against Colonial DPC Corporation I (“Colonial”) and CorEast Savings Bank (“Co-rEast”). Colonial was formerly the wholly owned nonbanking subsidiary of CorEast, which is now under the receivership of the Resolution Trust Corporation (“RTC”). The district court held that Lesal could not recover from Colonial on these claims due to the federal common law D’Oench Duhme doctrine 1 and its statutory counterpart, 12 U.S.C. §…

2Cases cited17 opinions

D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
Boyle v. United Technologies Corp.Supreme Court of the United States · 1988
Illinois v. City of MilwaukeeSupreme Court of the United States · 1972
Federal Deposit Insurance Corporation, Etc., and v. Santino D. Meo, AndCourt of Appeals for the Ninth Circuit · 1974
The Federal Savings & Loan Insurance Corp., Etc., and First Gibraltar Bank, Fsb, Intervenor-Appellee v. Jack GriffinCourt of Appeals for the First Circuit · 1991

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3Cited by1 opinion

Lesal Interiors, Inc. v. Echotree Associates, L.P., a New Jersey Limited Partnership Hlm/echotree, Inc. Echelon Glen Cooperative, Inc. H.L. Michaels, Inc. M.J. Rayes Incorporated, A/K/A M.J. Raynes, Inc. Resolution Trust Corporation, Receiver of Coreast Savings Bank F.S.B., Whose Address is 808 Moorefield Park Drive, Richmond, Virginia, 23236 Federal Deposit Insurance Commission, as Receiver for American Savings Bank, F.S.B. General Electric Capital Corporation Dlg Financial Services Corporation, A/K/A Dlg Financial Services, Inc. Colonial Equity of New York, Inc. James D. Demetrakis Vincent Travalino Del Mastro's, Inc., T/a Del's Enterprise Del Mastro Enterprises, Inc. Horizon I Corporation Colonial Dpc Corp., I. Lesal Interiors, Inc. v. Echotree Associates, L.P., a New Jersey Limited Partnership Hlm/echotree, Inc. Echelon Glen Cooperative, Inc. H.L. Michaels, Inc. M.J. Rayes Incorporated, A/K/A M.J. Raynes, Inc. Resolution Trust Corporation, Receiver of Coreast Savings Bank F.S.B., Whose Address is 808 Moorefield Park Drive, Richmond, Virginia, 23236 Federal Deposit Insurance Commission, as Receiver for American Savings Bank, F.S.B. General Electric Capital Corporation Dlg Financial Services Corporation, A/K/A Dlg Financial Services, Inc. Colonial Equity of New York, Inc. James D. Demetrakis Vincent Travalino Del Mastro's, Inc., T/a Del's Enterprise Del Mastro Enterprises, Inc. Horizon I Corporation Colonial Dpc Corp., I. Lesal Interiors, Inc. v. Resolution Trust Corporation, as Receiver for Coreast Savings Bank Colonial Dpc Corp. I, a New Jersey Corporation the Echelon Glen Residents and Owners Association the Polis Housing Foundation Corporation Vi, and Certain John Doe Financing Institutions Involved in the "Refinancing" of the Echelon Glen Project, and Certain John Doe II Transferees of Assets Fraudulently Conveyed by Colonial Dpc Corp. I Howard L. Michaels. Lesal Interiors, Inc.Court of Appeals for the Third Circuit · 1995