Legal Opinion
Queen v. First Service Bank for Savings (In Re Queen)
United States Bankruptcy Court, D. New Hampshire
Decided June 7, 1991No. 19-10305PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM OPINION
JAMES E. YACOS, Bankruptcy Judge.
The FDIC brought a motion for summary judgment against the plaintiffs 1 in this lender liability action. The FDIC principally relies on the D’Oench doctrine and 12 U.S.C. § 1823(e); it claims the alleged unwritten secret agreements cannot constitute a claim against the FDIC. The Court heard oral arguments on March 22, 1991, and I then took the matter under submission.
I. ALLEGATIONS
The plaintiffs claim the First Service Bank for Savings entered into various oral agreements concerning real estate development with the plaintiffs, which the bank…
2Cases cited24 opinions
- Bradley v. School Bd. of RichmondSupreme Court of the United States · 1974
- 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
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- Federal Deposit Insurance Corp. v. Henry E. McClanahanCourt of Appeals for the Fifth Circuit · 1986
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3Cited by4 opinions
- Beitzell & Co. v. Federal Deposit Insurance Corp. (In Re Beitzell & Co.)District Court, District of Columbia · 1993
- Resolution Trust Corp. v. Townsend Associates Ltd. PartnershipDistrict Court, E.D. Michigan · 1993
- In Re Woodstone Ltd. PartnershipUnited States Bankruptcy Court, E.D. New York · 1991
- FDIC v. R & A Nenni BuildersDistrict Court, D. New Hampshire · 1993