Rapaport v. United States Department of the Treasury, Office of Thrift Supervision
United States Court of Appeals for the District of Columbia Circuit
59 F.3d 212 (1995)
Robert D. Rapaport (plaintiff) was the majority shareholder in a bank insured by the federal government. Rapaport promised the government that the bank would maintain the federally required minimum amount of capital. In fact, the bank's capital was $1.5 million below the minimum amount. When the bank failed, the federal Office of Thrift Supervision (OTS) (defendant) ordered Rapaport to reimburse the government $1.5 million, on the grounds that Rapaport had unjustly enriched himself by that amount in violation of the relevant banking statute. Rapaport petitioned the United States Circuit Court for the District of Columbia for review.
Rule of Law
Holding and Reasoning (Ginsburg, J.)
Concurrence (Rogers, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 175,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.