Legal Opinion
Sunshine v. FDIC
District Court, D. New Hampshire
Decided December 2, 1994No. CV-93-170-BPublished
1Opinion of the Court
Sunshine v. FDIC CV-93-170-B 12/02/94 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW HAMPSHIRE Sunshine Development, Inc. v. No. C-93-170-B Federal Deposit Insurance Corp. OPINION First Service Bank for Savings advanced more than $24 million to Sunshine Development, Inc. between 1985 and 1988 to finance several of Sunshine's real estate developments. The bank lost confidence in Sunshine after a Federal Deposit Insurance Corporation ("FDIC") audit report criticized several of Sunshine's loans. This prompted the bank to order an appraisal of the loans' security. The appraiser concluded…
2Cases cited19 opinions
- Bose Corp. v. Consumers Union of United States, Inc.Supreme Court of the United States · 1984
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Wagenmann v. AdamsCourt of Appeals for the First Circuit · 1987
- Franco Acevedo-Diaz v. Jose E. Aponte, Ada N. Perez, Franco Acevedo-Diaz v. Jose E. Aponte, Dorotea Collazo RiveraCourt of Appeals for the First Circuit · 1993
- Lama Romero v. AsociacionCourt of Appeals for the First Circuit · 1994
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