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RESOLUTION TRUST CORP. v. CHAPMAN

No. 93-1514.

29 F.3d 1120 (1994)

RESOLUTION TRUST CORPORATION, Plaintiff-Appellant, v. Henry CHAPMAN, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided July 12, 1994.

Rehearing and Suggestion for Rehearing Denied September 8, 1994.

Attorney(s) appearing for the Case

William A. Spence (argued), Carole A. Corns, Freeborn & Peters, Walter Jones, Jr., Jorge V. Cazares, Pugh, Jones & Johnson, Chicago, IL, Duane Curtis, Resolution Trust Corp., Legal Div./PLS, Overland Park, KS, David M. FitzGerald, Resolution Trust Corp., Washington, DC, for plaintiff-appellant.

Roy G. Davis (argued), Timothy D. Church, David G. Lubben, Keck, Mahin & Cate, Peoria, IL, Gregg N. Grimsley, Vonachen, Lawless, Trager & Slevin, Peoria, IL, for defendants-appellees.

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

Rehearing and Suggestion for Rehearing En Banc Denied September 8, 1994.*

EASTERBROOK, Circuit Judge.

Eight months ago we held that "Congress `spoke directly' to the issue of what standard of liability governs suits by the RTC [Resolution Trust Corporation] against officers and directors of failed federally chartered financial institutions." RTC v. Gallagher, 10 F.3d 416, 419 (7th Cir.1993...

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