FDIC Reliance on D’Oench Doctrine Reversed by Sixth Court
The Sixth Circuit Court renewed a Detroit-based commercial law corporationâs lawsuit against the FDIC for $176,750 in deferred attorneyâs fees for legal services provided by the corporation to a now-failed Michigan bank. The FDIC had relied upon the DâOench doctrine, a 1940s case which focused on the inability to demand rights against the FDIC when evidence such as non-written statements are relied upon. [2/6/15]
