Burrell v. City of Los Angeles

How later courts describe this case

• failed attempt to offset subordinated capital debentures of insolvent bank against recovery sought by FDIC on behalf of insolvent bank
• "Appellants have made no effort to provide us with a statement envisioned by Fed.R.App.P. 10(c), and it is the responsibility of counsel ... to insure that a complete record is available for our review”
• setoff inappropriate where debentures not mutually extinguishable with notes “because the debentures were specifically made subordinate to the claims of all other depositors and creditors of the bank”
• no setoff against claim by FDIC where writing requirement was not met
• "A conspiracy to rig bids may be an agreement among competitors about ... who should be the successful bidder ... or who should refrain from bidding ... that affects, limits, or avoids competition among them."