CAMPBELL v. F.D.I.C.

No. 11-1595.

676 F.3d 615 (2012)

Craig CAMPBELL, not individually but as Trustee of the Lyle P. Campbell 1994 Irrevocable Trust, Plaintiff-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for the First National Bank of Danville, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided April 17, 2012.


Attorney(s) appearing for the Case

Natalia Rzepka Griesbach (argued), Attorney, Tishler & Wald, Chicago, IL, for Plaintiff-Appellant.

Troy A. Bozarth , Attorney, Edwardsville, IL, Michelle Ognibene (argued), Attorney, Federal Deposit Insurance Corporation, Legal Division, Appellate Litigation Unit, Arlington, VA, for Defendant-Appellee.

Before CUDAHY, POSNER, and WOOD, Circuit Judges.


CUDAHY, Circuit Judge.

This case revolves around notice and administrative exhaustion requirements for the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA). The main issue, among the many suggested by the plaintiff, is whether twelve days' notice provides a meaningful opportunity to submit a claim. FIRREA sets out the claim process for creditors or depositors connected to failed banks. The scheme allows the parties to preserve assets while avoiding...

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