Resolution Trust Corp. v. Diamond
Court of Appeals for the Second Circuit
1Opinion of the Court
JACOBS, Circuit Judge:
Resolution Trust Corporation (“RTC”) is a government corporation that acts as receiver or conservator for federally-insured thrift institutions in financial distress. The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”), directs RTC to realize a maximum recovery on the value of the thrift assets that come into its possession, and has conferred on RTC a number of extraordinary powers to help it in doing so. Among the powers granted to RTC by Congress is the power to disaffirm or repudiate the contracts or leases which it finds to be…
2Cases cited28 opinions
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