United Wire, Metal & MacHine Health & Welfare Fund v. Board of Savings & Loan Ass'n Commissioners

How courts have described this case

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

• recognizing general rule that insurer has no actionable duty to regulated institutions
• assuming but not deciding that the obligations owed by a private insurer of failed savings and loan institution may run directly to the depositors
• MDIF, in its capacity as insurer, had claim against the former officers and directors of MSSIC for breaches of duties they owed to MSSIC
• MDIF as insurer is subrogated to claims of institution or its depositors; hence, assets of institution become assets of MDIF, as successor

Source: CourtListener parenthetical corpus (CC0).