Calcutt v. Fdic

Summary

The Supreme Court granted certiorari limited to the first question, reversed the Sixth Circuit’s affirmation of the FDIC’s sanctions, and remanded the case for the agency to reconsider the sanctions consistent with the Court’s opinion. The Court held that a reviewing court must remand when an agency’s decision is based on a rationale different from that articulated by the agency, applying the ordinary remand rule.