United States Ninth Circuit
Deutsche Bank National Trust Company v. FDIC, 11-56339
Dismissal of plaintiff's claims against defendant Federal Deposit Insurance Corporation alleging, among other things, breach of contract in defendant's role as receiver and conservator for a failed institution, is affirmed, where: 1) because plaintiff was a quintessential creditor, its claims were third-tier general unsecured liabilities under 12 U.S.C. section 1821(d)(11)(A)(iii); and thus, 2) the district court properly held that plaintiff's claims were prudentially moot, as there were insufficient funds to satisfy general unsecured liabilities.
Appellate Information
- Decided 03/11/2014
- Published 03/11/2014
Judges
- RAWLINSON
Court
- United States Ninth Circuit