Legal Opinion
Federal Deposit Insurance v. Porco
New York Court of Appeals
Decided February 13, 1990PublishedCited by 84 opinions
1Opinion of the Court
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be affirmed, with costs, and the certified question answered in the affirmative.
Plaintiff, the receiver of an insolvent bank, obtained a $6,000,000 money judgment in Federal court against a director of the bank’s parent corporation, for losses suffered by the bank as a result of the director’s involvement in the bank’s financial affairs. Several years thereafter, plaintiff brought this action alleging that, during the pendency of the Federal suit, defendants, two officials of the bank, had assisted the director in…
2Cases cited5 opinions
- Marine Midland Bank v. MurkoffAppellate Division of the Supreme Court of the State of New York · 1986
- Hearn 45 St. Corp. v. JanoNew York Court of Appeals · 1940
- Braem v. Merchants' National BankNew York Court of Appeals · 1891
- Northville Dock Corp. v. AllerAppellate Division of the Supreme Court of the State of New York · 1962
- Northville Dock Corp. v. AllerNew York Court of Appeals · 1964
3Cited by84 opinions
- Securities Investor Protection Corp. v. Stratton Oakmont, Inc.United States Bankruptcy Court, S.D. New York · 1999
- Stochastic Decisions, Inc. v. DiDomenicoCourt of Appeals for the Second Circuit · 1993
- Baldi v. Lynch (In Re McCook Metals, L.L.C.)United States Bankruptcy Court, N.D. Illinois · 2005
- City of Almaty v. AblyazovDistrict Court, S.D. New York · 2017
- Roselink Investors, L.L.C. v. ShenkmanDistrict Court, S.D. New York · 2004
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