Integral Development Corporation v. FDIC, as Receiver for First Republic Bank

2024-09-27-FDIC-Memo.pdf
FDIC's Motion to Dismiss Integral Development Corporation is the world's leading provider of digital currency technology, serving over 200 financial institutions.  One of its clients was First Republic Bank that was closed in connection with the failure of Silicon Valley Bank.  When First Republic failed and FDIC was...
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The Madden Law Group PLLC represents Vincent Roggio in Roggio v. FDIC, No. 09-1733 (D.D.C.)

The Firm has been retained by Vincent Roggio in this long-running litigation dating back to the origin of the Great Recession.  In September 2008, both Washington Mutual Bank (WaMu) and Lehman Brothers failed.  WaMu was closed and placed into FDIC receivership and Lehman Brothers filed for bankruptcy.  WaMu was the biggest bank...
The Madden Law Group PLLC represents Vincent Roggio in Roggio v. FDIC, No. 09-1733 (D.D.C.) Continue reading…

Jerry Madden, “Supreme Court Nixes Another Federal Common Law Rule Favorable to FDIC,” The Federal Lawyer Magazine (Sept/Oct 2020)

Since the S&L crisis of the late 1980s and early 1990s and the more recent Great Recession that began in earnest in September 2008, the Federal Deposit Insurance Corporation (FDIC), acting in its receivership capacity or as corporate liquidator, has resolved the affairs of thousands of insured depository institutions.  Thanks to the...
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The Madden Law Group Opposes DOJ’s and Special Counsel Mueller’s Motions to Dismiss Defamation Suit Over Steele Dossier Footnote in the Mueller Report

On October 6, 2020, the Madden Law Group filed its brief in opposition to the Department of Justice's and Special Counsel Mueller's motions to dismiss a "defamation plus" suit related to the Steele Dossier.  Plaintiff Giorgi Rtskhiladze alleges that his career was destroyed by Footnote 112, Volume II, of the Report on...
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The Madden Law Group PLLC Represents U.S. Citizen Defamed in Footnote 112, Vol. II, of the Mueller Report in Suit against Special Counsel Mueller and DOJ

On June 17, 2020, Giorgi Rtskhiladze sued Special Counsel Robert S. Mueller III and the U.S. Department of Justice for $100 million claiming that he was defamed in Footnote 112, Vol. II, of the Report on the Investigation into Russian Interference in the 2016 Presidential Election.  Footnote 112, the Complaint alleges, caused...
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High Court Abrogates a 1985 Decision that Created a Catch-22 Possibility in Takings Cases Involving State Actors

Supreme Court Abrogates a 1985 Decision that Created a Catch-22 Possibility in Takings Cases Involving State Actors Knick v. Township of Scott, PA, 139 S. Ct. 2162 (2019) Where the Federal Government usurps private property, the remedy is straightforward.  The Takings Clause of the Fifth Amendment provides...
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Suing the United States: A Lawyer’s Guide to Injunctive and Declaratory Relief

Look before You Leap! Suing the United States: A Lawyer's Guide to Injunctive and Declaratory Relief The wisdom of the administrative state, which has its roots in the Progressive and New Deal Eras, is much debated today in all three branches of the federal government. Given the stakeholders...
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Has the U.S. abandoned balanced budgets in favor of Modern Monetary Theory?

Mainstream economics holds that government spending is funded by taxes and debt issuance.  MMT rejects this premise and argues that the primary risk once the economy reaches full employment is inflation, which can be addressed by raising and gathering taxes and issuing bonds to reduce the money supply and the velocity of money in...
Has the U.S. abandoned balanced budgets in favor of Modern Monetary Theory? Continue reading…