1. Home
  2. Browse Decisions
  3. F.3d
  4. 3 F.3d
  5. 3 F.3d 11 (1993)
 

LAWSON v. F.D.I.C.

No. 92-2429.

3 F.3d 11 (1993)

Mary E. LAWSON and Matt Lawson, Plaintiffs, Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided August 23, 1993.

Attorney(s) appearing for the Case

Edward T. Joyce with whom Deborah I. Prawiec, Raymond A. Fylstra, Joyce and Kubasiak, P.C., Chicago, IL, William D. Robitzek, David G. Webbert and Berman and Simmons, P.A., Lewiston, ME, were on brief, for appellants.

Jerome A. Madden, Counsel, F.D.I.C., with whom Ann S. DuRoss, Asst. Gen. Counsel, F.D.I.C., and Richard J. Osterman, Jr., Senior Counsel, F.D.I.C., Washington, DC, were on brief for appellee, F.D.I.C.

Roy S. McCandless with whom P. Benjamin Zuckerman, Patricia Nelson-Reade and Verrill & Dana, Portland, ME, were on brief, for appellee, Fleet Bank of Maine.

Before TORRUELLA, CYR and BOUDIN, Circuit Judges.

BOUDIN, Circuit Judge.

The facts of this case are straightforward. In January 1991, plaintiffs Mary and Matt Lawson purchased five one-year certificates of deposit ("CDs") from the Maine Savings Bank, representing a deposit payment in each case of approximately $92,000. Each CD had an interest rate of 7.9 percent per year, giving the CDs a maturity value of $100,000 each. A CD reflects a deposit coupled with an agreement by the depositor to leave the funds in the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases