Legal Opinion
Adams v. Zimmerman
Court of Appeals for the First Circuit
Decided January 23, 1996No. 94-2161, 94-2162, 94-2246 and 94-2247PublishedCited by 27 opinions
1Opinion of the Court
LYNCH, Circuit Judge.
A troubled condominium development led to these appeals, which raise issues of federal banking law: whether 12 U.S.C. § 1823(e) and D’Oench, Duhme & Co. v. FDIC, 315 U.S. 447, 62 S.Ct. 676, 86 L.Ed. 956 (1942), shield the FDIC, as receiver for a failed bank, from liability for the bank’s sale of unregistered securities. We hold that the FDIC has no such shield and is hable, but remand for adjustment of the remedies fashioned by the district court.
These consolidated cross appeals arise out of the development of the Hyannis Harbor-view Hotel. The units in the Hotel were…
2Cases cited40 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- City of Burlington v. DagueSupreme Court of the United States · 1992
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- In Re Washington Public Power Supply System Securities Litigation. Class Chemical Bank, in Its Representative Capacity as Trustee for Bondholders, and Bernstein, Litowitz, Berger & Grossman Milberg, Weiss, Bershad, Specthrie & Lerach Molloy, Jones & Donahue, P.C. v. City of Seattle Oregon Public Entities, Benton Rural Electric Association, Washington Washington Public Power Supply System R.W. Beck and Associates Ebasco Services Incorporated United Engineers & Constructors, Inc. Director Participants' Committee Public Utility District No. 1, of Klickitat County United States of America, on Behalf of Itself and Its Agency, the Bonneville Power Administration State of Washington Bonneville Power Administration, Class and Lawrence Laub v. Continental Assurance Company v. City of Seattle Oregon Public Entities, Benton Rural Electric Association, Washington Washington Public Power Supply System R.W. Beck and Associates Ebasco Services Incorporated United Engineers & Constructors, Inc. Director Participants' Committee Public Utility District No. 1, of Klickitat County United States of America, on Behalf of Itself and Its Agency, the Bonneville Power Administration State of Washington Bonneville Power Administration, Class and Continental Assurance Company v. Berger & Montague, P.A. v. City of Seattle Oregon Public Entities, Benton Rural Electric Association, Washington Washington Public Power Supply System R.W. Beck and Associates Ebasco Services Incorporated United Engineers & Constructors, Inc. Director Participants' Committee Public Utility District No. 1, of Klickitat County United States of America, on Behalf of Itself and Its Agency, the Bonneville Power Administration State of Washington Bonneville Power AdministrationCourt of Appeals for the Ninth Circuit · 1994
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3Cited by27 opinions
- Coastal Fuels of Puerto Rico, Inc. v. Caribbean Petroleum Corp.Court of Appeals for the First Circuit · 1996
- Stolzoff v. Waste Systems International, Inc.Massachusetts Appeals Court · 2003
- Federal Deposit Ins. Corp. v. ArcieroCourt of Appeals for the Tenth Circuit · 2013
- LaSalle Talman Bank, F.S.B. v. United StatesUnited States Court of Federal Claims · 1999
- Gohler v. WoodUtah Supreme Court · 1996
22 more not listed; retrieve them via the Exa API.