A federal appeals court in Atlanta has given new life to the government's authority to void oral contracts made by subsequently failed banks and thrifts.

The U.S. Court of Appeals for the 11th Circuit has ruled that Congress did not eliminate the so-called D'Oench Duhme legal doctrine when it passed the thrift bailout law in 1989.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.