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Share The Supreme Court on Monday issued a summary reversal – that is, a decision on the merits, but without additional briefing or oral argument – in a challenge to an order that would bar the former CEO of a Michigan community bank from ever working in the banking industry again. The justices’ ruling in Calcutt v.
FDIC , involving separation of powers and administrativelaw claims. Harry Calcutt was president, CEO, and chairman of the board of Northwestern Bank, a Michigan community bank. Federal Deposit Insurance Corp. , Court of Appeals for the 6th Circuit stayed the FDIC’s order pending appeal, but ultimately denied review.
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