Wednesday, March 04, 2015

Ninth Circuit -- BANK OF MANHATTAN V. FDIC

FDIC can't ignore pre-receivership contractual provisions when taking over a failed bank.

Dissent: State common law of contract is preempted by federal legislation.

BANK OF MANHATTAN V. FDIC
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.