In Courtney v. Halleran, 495 F.3d 942 (7th Cir. 2007), the Seventh Circuit Court of Appeals affirmed the dismissal of all counts against Novack and Macey's clients, who were owners and directors of a federal savings bank that is now in receivership.

In Courtney, the plaintiff's were uninsured deppositors of a failed bank. They challenged the FIDC's settlement of claims with owners, directors and accountants for the bank. The Seventh Circuit held that it could not interfere with the FDIC's administration of the receivership and that plaintiffs did not have standing to complain about injuries to the bank.