Resolution Trust Corporation v. Gallagher

How courts have described this case

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

• “The plain language of Section 1821(k) ‘speaks directly’ to the issue presented in this case and establishes a gross negligence standard of liability for officers and directors of failed financial institutions.”
• \It is illogical that Congress intended in one sentence to establish a gross negligence standard of liability and in the next sentence to eviscerate that standard by allowing actions under federal common law for simple negligence.\

Source: CourtListener parenthetical corpus (CC0).