Federal Savings and Loan Insurance Corporation, as Receiver for Sun Belt Federal Bank, F.S.B. v. Frederick H. Kroenke, Jr.

How courts have described this case

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

• affirming denial of motion to set aside default judgment upon concluding that defendant’s failure to answer due to an alleged informal extension and settlement negotiations between the parties did not constitute “excusable neglect”
• oral agreements between debtors and banks are ineffective against the FDIC or FSLIC as receiver
• claim of “surprise” or “excusable neglect” was meritless where party failed to file an answer in reliance upon settlement negotiations
• oral agreements between debtors and banks generally ineffective against federal receiver
• “justifiable neglect” and “culpability of the defendant’s conduct”

Source: CourtListener parenthetical corpus (CC0).