Execs oppose RTC subpoenas
Article Abstract:
The US Court of Appeals for the DC Circuit will rule in Resolution Trust Corp v. Walde and Resolution Trust Corp v. Schick on whether the government agency can subpoena records on an individual's personal finances to determine if there is enough money to make it worth filing suit. FIRREA permits the subpoena of information relevant to an investigation, and the agencies have interpreted this to mean information on liability and collectibility. Government concern about defendants' net worths has heightened due to court decisions limiting recoveries from insurance policies.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1993
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Firms benefit in RTC shake-up
Article Abstract:
Several law firms, including Chicago's Hopkins & Sutter, have benefited from the Resolution Trust Corp's (RTC) liability case review program. Hopkins & Sutter attorneys testifying before the Senate Banking Committee described the reviews as unnecessary and vindictive. RTC attorneys from the professional liability group, which is being reorganized, accused the agency of trying to limit the intensity of investigations and prosecutions related to the savings and loan bailout. Albert V. Casey will present the RTC's rebuttal to these charges on Sept 14, 1992.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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Federal contractors hail high court's S & L ruling; the Supreme Court says the government is bound to its contract terms even when Congress balks. That can cost
Article Abstract:
The Supreme Court ruled in United States v. Winstar that Congress could change the law which had allowed private acquirers of failing savings and loan ass'ns to keep such associations afloat by various accounting tricks. The law was changed in 1989 to help mitigate the savings and loan crisis. The outcome means that these atypical public contracts will be interpreted the same as private contracts.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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- Abstracts: Capitol hill scorecard; legislative and governmental priorities direct ABA advocacy in Congress. Charging the Hill; section leaders gather to take ABA message to Congress
- Abstracts: 5th Circuit takes shot at diversity; panel, reading high court's tea leaves, says affirmative action's best days are past
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- Abstracts: Section 54, Insurance Contracts Act 1984 (Cth). The High Court widens the "reach" of the Insurance Contracts Act