Legal Opinion

Adagio Investment Holding Ltd. v. Federal Deposit Insurance

District Court, District of Columbia

Decided October 1, 2004No. CIV.A.02-2550 ESHPublished

1Opinion of the Court

MEMORANDUM OPINION

HUVELLE, District Judge.

Plaintiff Elver Capital Ltd. (“Elver”) alleges that FDIC improperly classified Elver’s certificate of deposit (“CD”) held at the Connecticut Bank of Commerce (“CBC”) when it failed in June 2002. FDIC determined that Elver’s CD was not a conventional CD, but rather was an “IBF CD,” which categorization deprived plaintiff of both deposit insurance and a viable claim against the FDIC-administered receivership estate. Presently before the Court is plaintiffs partial motion for summary judgment. Having reviewed the pleadings and undisputed evidence, the…

2Cases cited6 opinions

Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
Ross J. Laningham v. United States NavyCourt of Appeals for the D.C. Circuit · 1987
Washington Post Company v. U.S. Department of Health and Human ServicesCourt of Appeals for the D.C. Circuit · 1989
Federal Deposit Insurance v. Fedders Air Conditioning, USA, Inc.Court of Appeals for the First Circuit · 1994

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