Legal Opinion
Federal Deposit Ins. Corp. v. Powers
District Court, N.D. Illinois
Decided December 14, 1983No. 80 C 1723PublishedCited by 39 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
GETZENDANNER, District Judge:
This action is before the court on plaintiffs motion for summary judgment against defendants, and on defendant Powers’ cross-motion for summary judgment on plaintiff’s claim. Jurisdiction is based on 12 U.S.C. § 1819. For the reasons stated below, the court grants plaintiff’s motion as against all three defendants and denies Powers’ motion.
In January 1978 Drovers National Bank of Chicago was declared insolvent. Plaintiff FDIC was appointed receiver, and as receiver it then sold Drovers’ assets to the FDIC under 12 U.S.C. § 1823. At the…
2Cases cited8 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- City of Milwaukee v. IllinoisSupreme Court of the United States · 1981
- Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
- Riverside Park Realty Co. v. Federal Deposit InsuranceDistrict Court, M.D. Tennessee · 1978
- Federal Deposit Insurance Corporation v. Henry S. Lauterbach, John Debelak and Nicholas Lesselyoung, DefendantsCourt of Appeals for the Seventh Circuit · 1980
3 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Harold v. Beighley v. Federal Deposit Insurance Corporation, Etc.Court of Appeals for the Fifth Circuit · 1989
- Federal Deposit Insurance Corp. v. Henry E. McClanahanCourt of Appeals for the Fifth Circuit · 1986
- Federal Deposit Insurance Corporation, as Receiver of Union National Bank of Chicago v. Lillian Wright, Also Known as Lillian Wright LawlerCourt of Appeals for the Seventh Circuit · 1991
- Federal Savings and Loan Insurance Corporation v. Two Rivers Associates, Inc.Court of Appeals for the Eleventh Circuit · 1989
- Federal Deposit Insurance Corp. v. Charles HatmakerCourt of Appeals for the Sixth Circuit · 1985
34 more not listed; retrieve them via the Exa API.