[Download] "Gilman V. Federal Deposit Insurance Corp." by Sixth Circuit. United States Court Of Appeals ~ eBook PDF Kindle ePub Free
eBook details
- Title: Gilman V. Federal Deposit Insurance Corp.
- Author : Sixth Circuit. United States Court Of Appeals
- Release Date : January 30, 1981
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 70 KB
Description
This appeal requires us to decide whether section 7 of the Securities Exchange Act of 1934 and Regulation U, 12 C.F.R. § 221.1(a) create a private federal cause of action for borrowers who have received bank loans, secured by stock, in violation of federal margin requirements. We must also determine whether the Federal Deposit Insurance Corporation (FDIC) in its corporate capacity is chargeable, with knowledge of securities violations allegedly made by a bank, on the date the FDIC enters a Purchase and Assumption Agreement to liquidate the bank's assets.