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PHILADELPHIA GEAR CORP. v. FEDERAL DEPOSIT INS. CORP.

Nos. 84-1901, 84-2007.

795 F.2d 903 (1986)

PHILADELPHIA GEAR CORPORATION, Plaintiff-Appellant Cross-Appellee, v. FEDERAL DEPOSIT INSURANCE CORPORATION, a national corporation, in its official capacity as Receiver of Penn Square Bank, N.A., and Federal Deposit Insurance Corporation, a national corporation, in its corporate capacity, Defendants-Appellees Cross-Appellants.

United States Court of Appeals, Tenth Circuit.

July 23, 1986.

PER CURIAM.

This matter is before us upon remand from the United States Supreme Court. This court's original opinion appears as Philadelphia Gear Corporation v. Federal Deposit Insurance Corporation, 751 F.2d 1131 (10th Cir.1984). The United States Supreme Court granted certiorari on one issue: whether a standby letter of credit backed by a contingent promissory note is an insured deposit under the Federal Deposit Insurance...

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