Federal Deposit Insurance v. Raffa

How courts have described this case

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

• holding the FDIC owes no duty to bank’s officers and directors
• rejecting affirmative defenses “which either assert some duty was owed and breached by the FDIC, or which challenge the discretionary decisions of the FDIC.”
• “The [FDIC-C’s] ‘No Duty Rule’ paints a bright line that maintains the court’s focus on the persons whose alleged wrongdoing brought about the insolvency in the first instance.”

Source: CourtListener parenthetical corpus (CC0).