Federal Deposit Ins. Corp. v. Baker

How courts have described this case

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

• stating that “no duty devolves onto the FDIC in favor of officers and directors of a failed banking institution when the FDIC’s role is either regulator or receiver of that institution”
• FDIC owes no duty to bank officers and directors either as regulator or as receiver
• where FDIC’s role is regulator or receiver, affirmative defenses, including estoppel, stricken because no duty devolves onto FDIC in favor of officers and directors and appraisers for their otherwise wrongful acts
• pursuant to policy directives under Financial Institutions Reform, Recovery, and Enforcement Act, FDIC has discretion in disposing of failed institution’s assets, and its actions carry “no duty to any but the public”

Source: CourtListener parenthetical corpus (CC0).