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MERIDEN TRUST AND SAFE DEPOSIT CO. v. F.D.I.C.

No. 1368, Docket 94-6219.

62 F.3d 449 (1995)

The MERIDEN TRUST AND SAFE DEPOSIT COMPANY, Cenvest, Inc. of Meriden, Connecticut, and Shareholders of the Meriden Trust and Safe Deposit Company, Plaintiffs-Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Hoyle L. Robinson, and John W. Stone, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided August 2, 1995.

Attorney(s) appearing for the Case

Thomas J. Groark, Jr., Hartford, CT (Charles W. Fortune, Kathleen N. Dondero, Day, Berry & Howard, Hartford, CT, of counsel), for appellants.

Thomas L. Holzman, F.D.I.C., Washington, DC (Ann S. DuRoss and Thomas A. Schulz, Asst. Gen. Counsel, Colleen B. Bombardier and Robert G. Clark, Sr. Counsel, F.D.I.C., Washington, DC, of counsel), for appellees.

Before: MESKILL, ALTIMARI and CALABRESI, Circuit Judges.

MESKILL, Circuit Judge:

Meriden Trust and Safe Deposit Company (Meriden Trust), Cenvest, Inc. of Meriden, Connecticut (Cenvest), and the shareholders of Meriden Trust appeal a judgment of the United States District Court for the District of Connecticut, Covello, J., affirming the assessment by the Federal Deposit Insurance Corporation (FDIC) of the full amount of the losses resulting from the failure of a commonly owned bank. We conclude, in a case of first...

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