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FEDERAL DEPOSIT INS. CORP. v. STONE

Civ. A. No. 82-60415.

578 F.Supp. 144 (1983)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. Peter R. STONE, Carole K. Barnett, and Richard M. Wood, Defendants.

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

December 22, 1983.

Attorney(s) appearing for the Case

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

Ronald G. Carpenter, Brimacombe & Schlecte, Ann Arbor, Mich., Robert E. Butcher, Southgate, Mich., Peter P. Darrow, Ann Arbor, Mich., for defendants.

MEMORANDUM OPINION AND ORDER

JOINER, District Judge.

This is an action by the F.D.I.C. to recover on a note that it purchased in connection with the failure of the Community Bank of Washtenaw. The complaint was originally filed by the Community Bank of Washtenaw. The F.D.I.C. in its corporate capacity was substituted as the plaintiff on November 6, 1982.

The F.D.I.C., as receiver, transferred certain...

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