Circle Industries, Division of Nastasi-White, Inc. v. City Federal Savings Bank

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• subcontractor seeking damages against failed financial institution in connection with financing of construction project required to exhaust FIRREA’s administrative claims process before proceeding in federal court
• “Since the RTC was appointed Receiver ... before Circle Industries brought this action ... the Court does not have jurisdiction to hear the claims asserted by Circle Industries against [the insolvent banks].”
• “In enacting FIRREA, Congress intended litigants like Circle Industries to first submit their claims against failed savings and loan institutions to the RTC or FDIC before commencing an action in district court.”

Source: CourtListener parenthetical corpus (CC0).