Legal Opinion
Federal Savings & Loan Insurance v. Molinaro
Court of Appeals for the Ninth Circuit
Decided November 16, 1989No. 87-6662PublishedCited by 171 opinions
1Opinion of the Court
BOOCHEVER, Circuit Judge:
John L. Molinaro (Molinaro) appeals the district court’s grant of summary judgment in favor of the Federal Savings and Loan Insurance Corporation (FSLIC) for $6.4 million plus interest. FSLIC sued Molinaro and others claiming, inter alia, that Moli-naro breached his fiduciary duty as a director of a federally insured savings and loan institution by diverting loan proceeds for his personal benefit. We agree that Molinaro breached his fiduciary duty to the institution, but limit the amount of his liability to the profit he made as a result of that breach. Accordingly,…
2Cases cited11 opinions
- United States v. KordelSupreme Court of the United States · 1970
- Edward Ashton v. Kenneth CoryCourt of Appeals for the Ninth Circuit · 1986
- Nestor Rodrigo Rios-Berrios v. Immigration and Naturalization ServiceCourt of Appeals for the Ninth Circuit · 1985
- Mediterranean Enterprises, Inc. v. Ssangyong Corp.Court of Appeals for the Ninth Circuit · 1983
- Golden Quality Ice Cream Co. v. Deerfield Specialty Papers, Inc.District Court, E.D. Pennsylvania · 1980
6 more not listed; retrieve them via the Exa API.
3Cited by171 opinions
- Federal Trade Commission v. E.M.A. Nationwide, Inc.Court of Appeals for the Sixth Circuit · 2014
- Charles H. Keating, Jr. v. Office of Thrift SupervisionCourt of Appeals for the Ninth Circuit · 1995
- State Ex Rel. Stovall v. MeneleySupreme Court of Kansas · 2001
- Federal Deposit Insurance Corporation v. New Hampshire Insurance CompanyCourt of Appeals for the Ninth Circuit · 1992
- Microfinancial, Inc. v. Premier Holidays International, Inc.Court of Appeals for the First Circuit · 2004
166 more not listed; retrieve them via the Exa API.