Frank P. SLATTERY, Jr., (on behalf of himself and on behalf of all other similarly situated Shareholders of Meritor Savings Bank), Plaintiff-Cross Appellant, and
Steven Roth, and Interstate Properties, Plaintiffs-Cross Appellants,
v.
UNITED STATES, Defendant-Appellant.
United States Court of Appeals, Federal Circuit.https://leagle.com/images/logo.png
January 28, 2011.
January 28, 2011.
Attorney(s) appearing for the Case
Thomas M. Buchanan , Winston & Strawn, LLP, of Washington, DC, argued for plaintiff-cross appellant Frank P. Slattery, Jr., (on behalf of himself and on behalf of all other similarly situated shareholders of Meritor Savings Bank) on rehearing en banc. With him on the brief were Peter Kryn Dykema , Eric W. Bloom and Jacob R. Loshin .
Dorothy Ashley Doherty , Federal Deposit Insurance Corporation, of Washington, DC, for amicus curiae Federal Deposit Insurance Corporation on rehearing en banc. With her on the brief was John M. Dorsey III .
Opinion for the court filed by Circuit Judge NEWMAN, in which Chief Judge RADER and Circuit Judges LOURIE, BRYSON, LINN, and MOORE join. Dissenting opinion filed by Circuit Judge GAJARSA, in which Circuit Judges DYK, PROST, and O'MALLEY join.
United States Court of Appeals, Federal Circuit.
NEWMAN, Circuit Judge.
This suit is brought on behalf of shareholders of the Meritor Savings Bank, formerly the Philadelphia Savings Fund Society. The cause originated in 1982, when the Western Savings Fund Society, a Pennsylvania bank, was failing, and the Federal Deposit Insurance Corporation (FDIC) sought a solvent bank to merge with Western, to provide new capital and to assume Western's liabilities; the merger would...
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