Federal Deposit Insurance Corporation v. Manuel De Jesus Velez, Luis Dominguez v. Federal Deposit Insurance Corporation

How courts have described this case

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

• “[I]f the FDIC was merely acting as a receiver, the district court would not have jurisdiction.”
• in purchase and assumption transaction, payment to debenture holders subordinated to FDIC pending full recovery of cash infused to facilitate purchase, \plus interest and the costs of collection\
• in purchase and assumption transaction, payment to debenture holders subordinated to FDIC pending full recovery of cash infused to facilitate purchase, “plus interest and the costs of collection”
• even if 12 U.S.C. § 1823 [e] had been followed, agreement to set off debentures against notes would be void as against public policy for circumventing FDIC approval requirement for payment of debentures
• “It seems apparent that the FDIC must be permitted to operate in a dual capacity simultaneously, as a receiver and an insurer, to carry out its functions as a receiver, liquidator, and insurer.”

Source: CourtListener parenthetical corpus (CC0).