UNISYS FINANCE CORP. v. RESOLUTION TRUST CORP.

No. 91-3827.

979 F.2d 609 (1992)

UNISYS FINANCE CORPORATION, Plaintiff-Appellant, v. RESOLUTION TRUST CORPORATION, as Receiver for Concordia Federal Bank for Savings, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided November 12, 1992.

Rehearing and Rehearing Denied December 21, 1992.


Attorney(s) appearing for the Case

J. Timothy Eaton (argued), Stephen O'Donnell, Theodore E. Harman and Michael D. McCormick, Coffield, Ungaretti, Harris & Slavin, Chicago, Ill., for plaintiff-appellant.

Thomas R. Meites, Michael M. Mulder, Annette R. Appell, Roberta Levinson, Meites, Frackman, Mulder & Burger, Chicago, Ill., and Dennis S. Klein (argued), Hughes, Hubbard & Reed, Washington, D.C., for defendant-appellee.

Before BAUER, Chief Judge, and POSNER and EASTERBROOK, Circuit Judges.


Rehearing and Rehearing En Banc Denied December 21, 1992.

POSNER, Circuit Judge.

This appeal presents a question of first impression and potentially broad significance concerning the powers of the Resolution Trust Corporation, the federal agency that administers failed savings and loan associations.

As amended by section 212(e) of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (P.L. 101-73, 103 Stat. 183), section 1821(e)(11...

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