July 24, 2020
The Tenth Circuit on Friday denied a request by a defunct bank's corporate parent to rehear its decision to award a $4.1 million tax refund to the FDIC, after the U.S. Supreme Court had weighed in on the case.
July 10, 2020
A defunct bank's corporate parent asked the full Tenth Circuit on Friday to review a decision awarding a $4.1 million tax refund to the FDIC as the bank's receiver, saying a U.S. Supreme Court mandate to apply state law wasn't followed.
May 26, 2020
The Tenth Circuit found again Tuesday that the FDIC, as a defunct bank's receiver, was entitled to a $4.1 million tax refund instead of the bank's bankrupt parent in a case on remand from the U.S. Supreme Court.
April 21, 2020
A defunct bank's bankruptcy estate has told the Tenth Circuit it should receive a $4.1 million tax refund because the U.S. Supreme Court recently overruled federal common law previously entitling the refund to the FDIC, the bank's receiver.
June 19, 2018
A Tenth Circuit panel sided with a lower court Tuesday, finding the Federal Deposit Insurance Corp., a receiver to a failed Colorado bank — and not its parent company, which filed for bankruptcy — was entitled to a $4.1 million federal tax refund because an ambiguous reading of a tax allocation agreement favored the FDIC.