DESMOND v. F.D.I.C.

Civ. A. No. 90-12287-WD.

798 F.Supp. 829 (1992)

Robert M. DESMOND, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant.

United States District Court, D. Massachusetts.

June 25, 1992.


MEMORANDUM AND ORDER

WOODLOCK, District Judge.

The facts of this case press against the limits of federal common law and statutory protections afforded the Federal Deposit Insurance Corporation (FDIC) when it takes over failed banking institutions. As banks continue to fail in troubled economic times, the FDIC, invoking protections carved out by the courts and Congress, has adopted an aggressive stance in meeting...

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