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Administrative Law Keyed to Koch
Federal Deposit Insurance Corp. v. Meyer
Citation:
510 U.S. 471 (1994)Facts
On April 13, 1982, the California Savings and Loan Commissioner seized Fidelity Savings and Loan Association and appointed FSLIC as receiver. FSLIC, through its special representative Robert Pattullo, terminated John Meyer, a senior Fidelity officer, pursuant to its general policy of terminating senior management of failed thrifts. Approximately one year later, Meyer filed a lawsuit claiming his summary discharge deprived him of his property right to continued employment under California law without due process in violation of the Fifth Amendment. Meyer relied on Bivens v. Six Unknown Fed. Narcotics Agents to imply a cause of action for damages. The jury returned a $130,000 verdict against FSLIC but found in favor of Pattullo on qualified immunity grounds. After FSLIC was abolished, FDIC, as its statutory successor, appealed the verdict.
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