Legal Opinion
Massachusetts v. FDIC
District Court, D. Massachusetts
Decided February 13, 1996No. Civil Action Nos. 94-10092-RGS, 95-10354-RGSPublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM AND ORDER ON DEFENDANTS’ MOTIONS TO DISMISS, OR IN THE ALTERNATIVE, FOR SUMMARY JUDGMENT AND PLAINTIFF’S CROSS MOTION FOR SUMMARY JUDGMENT
STEARNS, District Judge.
BACKGROUND
The Commonwealth of Massachusetts (Commonwealth) brought this lawsuit against the FDIC in both its corporate and receivership capacities, seeking unclaimed deposits held by thirty-five failed Massachusetts banks.2 The Commonwealth bases its claims against the FDIC on a state law, the Massachusetts Abandoned Property Act, G.L. c. *56200A (MAPA). MAPA directs the State Treasurer to take possession of any bank deposit…
2Cases cited10 opinions
- Louisiana Pub. Serv. Comm'n v. FCCSupreme Court of the United States · 1986
- Anderson National Bank v. LuckettSupreme Court of the United States · 1944
- Timberland Design, Inc. And William C. Barnsley v. First Service Bank for SavingsCourt of Appeals for the First Circuit · 1991
- Federal Deposit Insurance v. Philadelphia Gear Corp.Supreme Court of the United States · 1986
- Louisiana Public Service Commission v. Federal Communications CommissionSupreme Court of the United States · 1986
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3Cited by3 opinions
- Commonwealth Of Massachusetts v. Federal Deposit Insurance CorporationCourt of Appeals for the First Circuit · 1996
- Massachusetts v. Federal Deposit InsuranceCourt of Appeals for the First Circuit · 1996
- Comm. of Mass v. FDICCourt of Appeals for the First Circuit · 1997