Calcutt v. FDIC

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Calcutt v. FDIC
Seal of the United States Supreme Court.svg
Decided May 22, 2023
Full case nameCalcutt v. FDIC
Docket no. 22-714
Citations598 U.S. ___ ( more )
Holding
An administrative agency's discretionary order may be upheld in court only on the same basis articulated in the order by the agency itself.
Court membership
Chief Justice
John Roberts
Associate Justices
Clarence Thomas  · Samuel Alito
Sonia Sotomayor  · Elena Kagan
Neil Gorsuch  · Brett Kavanaugh
Amy Coney Barrett  · Ketanji Brown Jackson
Case opinion
Per curiam

Calcutt v. FDIC, 598 U.S. ___(2023), was a United States Supreme Court case in which the court held that an administrative agency's discretionary order may be upheld in court only on the same basis articulated in the order by the agency itself. [1] [2]

Contents

Description

Harry C. Calcutt III was the CEO of Northwestern Bank during the Great Recession, when their relationship with one of their customers was allegedly mismanaged. The FDIC opened an investigation, and ordered him removed from his position, banned from further management positions with banks, and to pay a $125,000 fine. Calcutt appealed this decision to the Sixth Circuit Court of Appeals, which held that the FDIC had made two errors in their investigation of Calcutt. Instead of remanding the case to be re-investigated, the Sixth Circuit conducted their own review of the record and concluded that enough evidence existed to support the FDIC's conclusion. Calcutt appealed this decision to the United States Supreme Court, which held that the Sixth Circuit erred in conducting their own review of the facts of Calcutt's case. The court revered the decision of the Sixth Circuit and remanded the case to the FDIC for re-investigation. [1]

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References

  1. 1 2 Calcutt v. FDIC,No. 22-714 , 598 U.S. ___(2023).
  2. "Justices rule on challenge to FDIC order". SCOTUSblog. May 22, 2023. Retrieved December 15, 2024.

This article incorporates written opinion of a United States federal court. As a work of the U.S. federal government, the text is in the public domain . "[T]he Court is unanimously of opinion that no reporter has or can have any copyright in the written opinions delivered by this Court." Wheaton v. Peters, 33 U.S. (8 Pet.) 591, 668 (1834)