Legal Opinion
Federal Savings & Loan Insurance v. Gordy
Court of Appeals for the Eleventh Circuit
Decided April 25, 1991No. 90-7367PublishedCited by 1 opinion
1Opinion of the Court
ATKINS, Senior District Judge:
Appellants William J. Gordy and Mamie L. Kovac appeal from a summary judgment by the District Court for the Northern District of Alabama in favor of appellee, The Federal Deposit Insurance Corporation (“FDIC”).1 The district court based its ruling on a body of federal common law known as the D’Oench doctrine, which protects FDIC and The Federal Savings & Loan Insurance Corporation (“FSLIC”) from “agreements” between borrowers and banks which tend to misrepresent the value of a bank’s assets.2 We must decide *1560whether the court correctly determined that such…
2Cases cited19 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- 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
- Federal Deposit Insurance Corp. v. Henry E. McClanahanCourt of Appeals for the Fifth Circuit · 1986
- Federal Deposit Insurance Corporation, Etc., and v. Santino D. Meo, AndCourt of Appeals for the Ninth Circuit · 1974
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3Cited by1 opinion
- Federal Savings & Loan Insurance Corp. v. GordyCourt of Appeals for the Eleventh Circuit · 1991