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SEKULA v. F.D.I.C.

No. 93-3596.

39 F.3d 448 (1994)

Raymond SEKULA and L. Kathleen Sekula v. FEDERAL DEPOSIT INSURANCE CORPORATION; Resolution Trust Corporation, Raymond F. Sekula and L. Kathleen Sekula, Appellants.

United States Court of Appeals, Third Circuit.

Decided November 9, 1994.

Attorney(s) appearing for the Case

S. Michael Streib (argued), Pittsburgh, PA, for appellants.

Z. Scott Birdwell (argued), F.D.I.C., Washington, DC, for appellee, F.D.I.C.

Patricia A. Trujillo, Saul, Ewing, Remick & Saul, Philadelphia, PA, Mitchell Plave, Resolution Trust Corp., Washington, DC, for appellee, Resolution Trust Corp.

Before: SCIRICA, NYGAARD and ALDISERT, Circuit Judges.

OPINION OF THE COURT

SCIRICA, Circuit Judge.

This is a dispute over the interpretation of a regulation governing the amount of insurance coverage provided for federally insured joint accounts in a failed savings and loan association. At issue is whether the funds in joint accounts are insured as a single unit or as multiple units and, specifically, whether the two holders of several joint accounts are insured for up to $100,000 or for up to $200,000. Plaintiffs...

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