Hibernia National Bank 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.

• the “ ‘participants’ [appellee S & L’s] can look solely to the lead [WPSC] for satisfaction of their claims because they are not themselves creditors of the borrowers and cannot assert creditor claims against the borrowers”
• “The lead is the only secured party. The ‘participants’ can look solely to the lead for satisfaction of their claims because they are not themselves creditors of the borrowers and cannot assert creditor claims against the borrowers.”
• describing “certificates of participation” in bank loans

Source: CourtListener parenthetical corpus (CC0).