Legal Opinion
David J. McCullough and Winifred M. McCullough v. Federal Deposit Insurance Corporation, as Receiver for Bank of New England, N.A.
Court of Appeals for the First Circuit
Decided March 12, 1993No. 92-1584PublishedCited by 27 opinions
1Opinion of the Court
STAHL, Circuit Judge.
In Langley v. Federal Deposit Ins. Corp., 484 U.S. 86, 108 S.Ct. 396, 98 L.Ed.2d 340 (1987), the Supreme Court ruled that 12 U.S.C. § 1823(e) 1 shields the Federal Deposit Insurance Corporation (“FDIC”) from essentially all claims of misrepresentation relating to any asset acquired by it under 12 U.S.C. §§ 1821 or 1823. This appeal requires us to decide whether this rule should apply in situations where the “misrepresentation” at issue actually is an unlawful failure to disclose crucial information. Believing that the Langley rule does apply, we affirm the district…
2Cases cited10 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
- Timberland Design, Inc. And William C. Barnsley v. First Service Bank for SavingsCourt of Appeals for the First Circuit · 1991
- Castleglen, Inc. v. Resolution Trust Corp.Court of Appeals for the Tenth Circuit · 1993
- Federal Deposit Insurance Corporation v. State Bank of VirdenCourt of Appeals for the Seventh Circuit · 1990
5 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Resolution Trust Corp. v. Dunmar Corp.Court of Appeals for the Eleventh Circuit · 1995
- Vasapolli v. RostoffCourt of Appeals for the First Circuit · 1994
- Remington Investments, Inc. v. HamedaniCalifornia Court of Appeal · 1997
- Villafane-Neriz v. Federal Deposit InsuranceCourt of Appeals for the First Circuit · 1994
- Federal Deposit Insurance v. SmithDistrict Court, D. Massachusetts · 1994
22 more not listed; retrieve them via the Exa API.