First Hawaiian Bank v. Alexander

How courts have described this case

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

• distinguishing Merrill Lynch, Pierce, Fenner & Smith v. Curran, 456 U.S. 353, 102 S.Ct. 1825, 72 L.Ed.2d 182 (1982) by absence of evidence Congress considered existence or nonexistence of implied remedy when it enacted HOLA
• uniquely federal interests required formulation of single federal standard for director’s breach of fiduciary duty
• both refusing to find an implied cause of action under HOLA in light of Cort and its progeny
• no private cause of action for violation of a FHLBB regulation although there is a federal common law cause of action for breach of fiduciary duty
• both refusing to find an implied cause of action under HOLA in light of Cort and its progeny
• violation of Federal Home Loan Bank Board and state banking regulations by officers and directors did not create private cause of action for association

Source: CourtListener parenthetical corpus (CC0).