Farnik v. Federal Deposit Insurance

How courts have described this case

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

• noting that an attempt to bypass administrative review under FIRREA posed a “jurisdictional issue”
• “[Strategic case captioning would allow creditors to completely bypass FIRREA’s administrative process.... ”
• exhaustion required where plaintiffs who borrowed from failed bank sued assuming bank but their claims were based on failed bank’s alleged deceptive practices and complaint did not identify any independent wrongdoing by assuming bank
• “Courts lack authority to review FIRREA claims ‘relating to any act or omission’ of a failed bank or of the FDIC as receiver of a failed bank unless they are first subjected to FIRREA’s administrative claims process.” (quoting 12 U.S.C. § 1821(d)(13)(D)(ii))

Source: CourtListener parenthetical corpus (CC0).