Federal Deposit Insurance Corp. V. Meyer ( 1994 )

From the Paper:

"Federal Deposit Insurance Corporation v. Meyer (1994)
John Meyer, the plaintiff, worked as a senior officer for Fidelity Savings and Loan. Insolvency forced Fidelity into receivership in April of 1982. At that time, the Federal Savings and Loan Insurance Corporation (FSLIC) assumed management of Fidelity. Soon after, FSLIC representative Robert L. Pattullo fired Meyer because FSLIC policy mandated the dismissal of senior management at any failed thrift. Meyer sued Pattullo and the FSLIC, alleging deprivation of property without due process of law in violation of the Fifth Amendment to the United States Constitution. A jury found in favor of Pattullo because he enjoyed qualified immunity, but awarded Meyer $130,000 against the FSLIC. "

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