John R. McCarron v. Federal Deposit Insurance Corporation, as Receiver of Meritor Savings Bank and in Its Own Capacity

How courts have described this case

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

• concluding “there is no factual or legal basis to permit payment of [the plaintiff]’s severance claims” under golden parachute payment regulations applicable to banks because the plaintiff “never obtained the requisite consent from the FDIC”
• agreement to pay executive “a lump sum severance payment in an amount equal to three times his annual salary”
• an applicant must meet the requirement that the appropriate federal banking agency and the FDIC consent in writing to the amount and terms of the golden parachute payment pursuant to 12 CFR § 359.4
• an applicant must meet the requirement that the appropriate federal banking agency and the FDIC consent in writing to the amount and terms of the golden parachute payment pursuant to 12 C.F.R. § 359.4

Source: CourtListener parenthetical corpus (CC0).