FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, Appellee,
v.
Manuel de JESUS VELEZ, Defendant, Appellant.
Luis DOMINGUEZ, Plaintiff, Appellant,
v.
FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant, Appellee.
United States Court of Appeals, First Circuit.https://leagle.com/images/logo.png
Argued February 2, 1982.
Decided May 21, 1982.
Attorney(s) appearing for the Case
Celestino Morales, Jr., San Juan, P. R., for defendant, appellant, Manuel de Jesus Velez.
Jose R. Otero, Hato Rey, P. R., with whom Otero Suro & Otero Suro, Hato Rey, P. R., was on brief for plaintiff, appellant, Luis Dominguez.
Wayne D. Baller, Washington, D. C., Senior Atty., with whom Thomas A. Brooks, Gen. Counsel, Washington, D. C., Gustavo A. Gelpi, and Feldstein, Gelpi, Hernandez & Castillo, Old San Juan, P. R., were on briefs, for Federal Deposit Ins. Corp.
Before BOWNES, Circuit Judge, GIBSON, Senior Circuit Judge, and BREYER, Circuit Judge.
United States Court of Appeals, First Circuit.
FLOYD R. GIBSON, Senior Circuit Judge.
Appellants contest district court findings1 that they are liable to the Federal Deposit Insurance Corporation (FDIC) for certain promissory notes. They had executed notes payable to the now insolvent Banco de Ahorro and had served as directors of that bank. They argue that the courts below erred in finding that agreements collateral to the notes did not relieve them of liability on the notes.
...
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