Supreme Court of the United States December 3, 1991, 90-913 (Board of Governors of the Federal Reserve System v. MCorp Financial, Inc.)

Justice Stevens

delivered the opinion of the Court.

MCorp, a bank holding company, filed voluntary bankruptcy petitions in March 1989. It then initiated an adversary proceeding against the Board of Governors of the Federal Reserve System (Board) seeking to enjoin the prosecution of two administrative proceedings, one charging MCorp with a violation of the Board’s “source of strength” regulation

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