LANDY ET AL.
v.
FEDERAL DEPOSIT INSURANCE CORP., RECEIVER, ET AL.

U.S. | 1974-04-22
No. 73-819
The Chief Justice, Mr. Justice Douglas, and Mr. Justice White would grant certiorari.
416 U.S. 960 Supreme Court of the United States (1974) Negative Treatment
Cited by 12 cases

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Cited By (12 total)

  • …nt, holds the sole right — absent some sort of shareholder derivative action — to direct the litigation of the corporation with whose care he is entrusted. Landy v. Federal Deposit Insurance Corp., 486 F. 2d 139, 146-48 (3d Cir. 1973), cert. denied, 416 U.S. 960, 94 S.Ct. 1979, 40 L.Ed.2d 312 (1974). This includes the exclusive right to appeal from judgments adverse to the corporation. See, e. g., Russell v. Weyand, 5 Cal.App.2d 259, 42 P. 2d 381 (1935). Nothing in the broad grant of power to the receiver a…
  • Woods v. Barnett Bank OF Fort Lauder-Dale, 765 F.2d 1004 (11th Cir. 1985)
    …F. 2d 57, 61-62 (2d Cir.1985); Edwards & Hanly v. Wells Fargo Securities, 602 F. 2d 478, 484 (2d Cir. 979), cert. denied, 444 U.S. 1045, 100 S.Ct. [*1013] 734, 62 L.Ed.2d 731 (1980); Landy v. FDIC, 486 F. 2d 139, 163-64 (3d Cir.1973), cert. denied, 416 U.S. 960, 94 S.Ct. 1979, 40 L.Ed.2d 312 (1974). We disagree. Substantiality is based upon all the circumstances surrounding the transaction in question. Woodward, 522 F. 2d at 97. The bond offering in question was represented to be conditional upon the under…
  • …91-92 (3d Cir.), cert. denied, 455 U.S. 938, 102 S.Ct. 1427, 71 L.Ed.2d 648 (1981); see Friedlander v. Troutman, Sanders, Lock- [*1544] erman, 788 F. 2d 1500, 1504-05 (11th Cir.1986); Landy v. FDIC, 486 F. 2d 139, 156-57 (3d Cir.1973), cert. denied, 416 U.S. 960, 94 S.Ct. 1979, 40 L.Ed.2d 312 (1974). Others are brought by sellers of securities. Roberts, 611 F. 2d at 452-53; see Blue Chip Stamps v. Manor Drug Stores, 421 U.S. 723, 731-32, 95 S.Ct. 1917, 1923-24, 44 L.Ed.2d 539 (1975) (plaintiff class for p…

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