The shareholders of Meritor Savings Bank are appealing against the FDIC and the Pennsylvania Secretary of Banking for seizing Meritor and violating their due process rights. The district court dismissed some claims and upheld others against unnamed defendants, and the shareholders appealed. The court analyzes each claim separately, ultimately ruling that the shareholders do not have standing to enforce certain duties of the FDIC, and that some claims are precluded by law.
Hindes v. Federal Deposit Insurance (1998)
United States Court of Appeals for the Third Circuit
137 F.3d 148
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