Sunday, February 5, 2023 | Back issues
Courthouse News Service Courthouse News Service

Federal Circuit

CORPORATIONS - A merged institution was seized and liquidated for failure to comply with regulatory capital requirements of the Financial Institutions Reform, Recover, and Enforcement Act. Mola Development Corp. owned a controlling interest in the institution. The Federal Circuit affirmed dismissal of Mola's claim that a surplus of more than $6.2 million net income from the liquidation of its institution was taken by the government.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading
Loading...