Court Opinion

ID: 9486385
Source: CourtListenerOpinion
Date Created: 2023-08-05 11:46:50.652152+00
Date Added: 2024-06-11T17:51:42.031632
License: Public Domain

ON PETITION FOR REHEARING
May 2, 1994
PER CURIAM:
IT IS ORDERED that the petition for rehearing filed in the above entitled and numbered cause be and the same is hereby denied.
The FDIC asks for clarification regarding our holding in part III.B of our opinion. We held only that the district court committed no reversible error in excluding the defendant directors’ evidence regarding the post-closing conduct of the FDIC in protecting the failed bank’s assets. We noted that the district court admitted other evidence offered by the defendant directors to counter the FDIC’s proof of the element of proximate cause, such as evidence of changes in the tax laws, declining collateral values, and general economic deterioration. The FDIC did not challenge the district court’s evidentiary rulings on these issues, and we express no opinion on the propriety of those evidentiary rulings.