Legal Opinion
Federal Deposit Insurance v. Aroneck
Court of Appeals for the Fourth Circuit
Decided February 19, 1981No. Nos. 80-1315, 80-1367PublishedCited by 1 opinion
1Per curiam
The Federal Deposit Insurance Corporation (FDIC) brought this action to collect on a promissory note, in the principal amount of approximately $34,340.00, originally given by appellant S. N. Aroneck to American Bank & Trust (AB&T) to finance Aroneck’s purchase of shares of stock in AB&T's parent corporation, American Bank and Trust Shares, Inc. (ABTS). Aroneck counterclaimed, alleging that he was not liable on the note because it was an integral part of a scheme contravening the federal securities laws by AB&T and its officer, William Southworth, to induce Aroneck to purchase the ABTS shares.…
2Cases cited8 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- United States v. YazellSupreme Court of the United States · 1966
- Albert E. Kuehnert v. Texstar CorporationCourt of Appeals for the Fifth Circuit · 1969
- Joseph J. LAWLER, Trustee in Bankruptcy for Frank E. Mower, II, Appellant, v. Thomas W. GILLIAM, Jr. and General Erle Cocke, Jr., AppelleesCourt of Appeals for the Fourth Circuit · 1978
- Bank of Enoree v. YarboroughSupreme Court of South Carolina · 1922
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3Cited by1 opinion
- Federal Deposit Insurance Corporation v. S. N. Aroneck and Arrow Investment Corporation v. Henry Sims Securities, Inc., Third Party Federal Deposit Insurance Corporation v. S. N. Aroneck and Arrow Investment Corporation v. Henry Sims Securities, Inc., Third PartyCourt of Appeals for the Third Circuit · 1981