Federal Case

How courts have described this case

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

• admitting use of defense in bankruptcy court for equitable subordina tion, fraud, breach of contract, and conversion
• barring affirmative claims against the FDIC, as well as defenses which are premised upon secret agreements that sound in contract; proper focus is whether the agreement, at time it was entered, would tend to mislead public authority
• “For the most part, courts have been reluctant to find the requisite level of misconduct in arms-length transactions”
• Bank’s commission of fraud, breach of contract and conversion of loan proceeds for the payment of a kickback and soft costs warranted equitable subordination of claim

Source: CourtListener parenthetical corpus (CC0).