Beneficial National Bank v. Anderson, 539 U.S. 1, 3 (2003)

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Cite as: 539 U. S. 1 (2003)

Opinion of the Court

Seth P. Waxman argued the cause for petitioners. With him on the briefs were Dennis G. Lyons, Howard N. Cayne, Mary Gabrielle Sprague, Brian C. Duffy, Christopher R. Lipsett, Russell J. Bruemmer, Paul R. Q. Wolfson, Alan S. Kaplinsky, and Burt M. Rublin.

Matthew D. Roberts argued the cause for the United States as amicus curiae urging reversal. With him on the brief were Solicitor General Olson, Assistant Attorney General McCallum, Deputy Solicitor General Clement, Mark B. Stern, Julie L. Williams, Daniel P. Stipano, L. Robert Griffin, and Douglas B. Jordan.

Brian M. Clark argued the cause for respondents. With him on the brief was Dennis G. Pantazis.*

Justice Stevens delivered the opinion of the Court.

The question in this case is whether an action filed in a state court to recover damages from a national bank for allegedly charging excessive interest in violation of both "the common law usury doctrine" and an Alabama usury statute

*Drew S. Days III, Beth S. Brinkmann, and Seth M. Galanter filed a brief for the American Bankers Association et al. as amici curiae urging reversal.

Briefs of amici curiae urging affirmance were filed for the State of Arizona et al. by Terry Goddard, Attorney General of Arizona, Mary O'Grady, Solicitor General, Joseph A. Kanefield, Assistant Attorney General, and Dan Schweitzer, and by the Attorneys General for their respective States as follows: Gregg Renkes of Alaska, Richard Blumenthal of Connecticut, Thurbert E. Baker of Georgia, Mark J. Bennett of Hawaii, Lisa Madigan of Illinois, Thomas J. Miller of Iowa, J. Joseph Curran, Jr., of Maryland, Mike Hatch of Minnesota, Jeremiah W. (Jay) Nixon of Missouri, Peter Heed of New Hampshire, Patricia A. Madrid of New Mexico, Eliot Spitzer of New York, Jim Petro of Ohio, Hardy Myers of Oregon, Henry McMaster of South Carolina, Larry Long of South Dakota, Greg Abbott of Texas, and Christine O. Gregoire of Washington; for AARP et al. by Deborah M. Zuckerman, Stacy J. Canan, and Michael R. Schuster; and for Consumer Attorneys of California by James C. Sturdevant.


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