ADAGIO INVESTMENT HOLDING LTD. v. F.D.I.C.

No. CIV.A.02-2550 ESH.

338 F.Supp.2d 85 (2004)

ADAGIO INVESTMENT HOLDING LTD., et al., Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORP. in its Corporate Capacity and as Receiver for the Connecticut Bank of Commerce, Defendants.

United States District Court, District of Columbia.

October 1, 2004.


Attorney(s) appearing for the Case

Jami Lynn Wyatt, Stephen S. Kaye, Vanessa Alison Yelvington Chandler, Bryan Cave LLP, Washington, DC, Kathleen M. Kundar, Fox Horan & Camerini LLP, Marshall Beil, Mcguirewoods LLP, Barry Robert Fischer, Sprour Fischer & Mandell LLP, New York City, Julian Karpoff, Karpoff & Title, Arlington, VA, for Plaintiffs.

Alan Leonard Spear, John Allen Davidovich, Federal Deposit Insurance Corporation, Legal Division, Washington, DC, for Defendants.


MEMORANDUM OPINION

HUVELLE, District Judge.

Plaintiff Elver Capital Ltd. ("Elver") alleges that FDIC improperly classified Elver's certificate of deposit ("CD") held at the Connecticut Bank of Commerce ("CBC") when it failed in June 2002. FDIC determined that Elver's CD was not a conventional CD, but rather was an "IBF CD," which categorization deprived plaintiff of both deposit insurance and a viable claim against the FDIC-administered receivership...

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