Continental Casualty Co. v. Allen

How courts have described this case

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

• stating that the FDIC steps into the shoes of the failed bank and is subject to whatever contracts the failed bank previously entered into, including directors' and officers' policies with regulatory exclusions
• rejecting the public policy argument since there is no statutory requirement for a bank to obtain directors’ and officers’ liability insurance

Source: CourtListener parenthetical corpus (CC0).