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FEDERAL DEPOSIT INS. CORP. v. LEACH

No. 80-71491.

525 F.Supp. 1379 (1981)

FEDERAL DEPOSIT INSURANCE CORPORATION, a corporation organized and existing under the laws of the United States of America, Plaintiff, v. Marian G. LEACH, Alexander Bartneck, Outdoor Resorts of America, Inc., a foreign corporation, and E. Randall Henderson, Jr., jointly and severally, Defendants.

United States District Court, E. D. Michigan, S. D.

November 23, 1981.

Attorney(s) appearing for the Case

Larry E. Powe, Freeman, McKenzie, Matthews, Scherer & Stepek, P.C., Mount Clemens, Mich., for plaintiff.

Laurence S. Schultz, Detroit, Mich., for defendants Outdoor Resorts and E. Randall Henderson, Jr.

Larry G. Sharp, Flint, Mich., for defendants Leach and Bartneck.

MEMORANDUM OPINION AND ORDER

ANNA DIGGS TAYLOR, District Judge.

This is a suit on certain promissory notes, which was filed on April 24, 1980. The plaintiff Federal Deposit Insurance Corporation (FDIC) purchased the notes among the assets of an insolvent Michigan-chartered bank which had been insured pursuant to the Federal Deposit Insurance Act, 12 U.S.C. § 1811 et seq. This court's jurisdiction is predicated upon Section 2[9] of that Act, 12 U.S.C...

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