Federal Deposit Insurance v. American Bank Trust Shares, Inc.

How courts have described this case

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

• purchasers of subordinated capital notes own personally any action for alleged fraud and deceit against officers and directors of failed bank
• “As a general rule, equity prefers the claims of innocent general creditors over the claims of shareholders or subordinated creditors deceived by the corporation.”

Source: CourtListener parenthetical corpus (CC0).