FDIC Can't Move Suit Without Being A Party To It: 9th Circ.

Law360, New York (March 15, 2013, 4:47 PM ET) -- The Ninth Circuit ruled Friday that the Federal Deposit Insurance Corp. jumped the gun in moving a former OneUnited Bank real estate unit employee’s wrongful termination suit against the bank to federal court, finding the agency could only do that if it were a party in the state suit.

A three-judge panel affirmed a lower court order remanding former OneUnited manager Tracy Allen’s suit against the bank to California state court, rejecting the agency’s argument that has it has an interest in the case — and...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required