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FEDERAL DEPOSIT INS. CORP. v. VIDEO EXPO, INC.

No. Civ. 3-84-869.

705 F.Supp. 383 (1987)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. VIDEO EXPO, INC., et al., Defendants.

United States District Court, E.D. Tennessee, N.D.

August 7, 1987.

Attorney(s) appearing for the Case

Patricia K. Horton, Rex R. Veal, Knoxville, Tenn., for F.D.I.C.

Brent R. Watson, Knoxville, Tenn., for David Kail, Anna May Kail and Robert Kail.

Jack B. Draper, Knoxville, Tenn., and Eckert, Seamans, Cherin & Mellott, Pittsburgh, Pa., for Robert J. Gallagher.

MEMORANDUM

JARVIS, District Judge.

The FDIC has filed a motion requesting that this court reconsider its order entered on May 12, 1987 denying the FDIC's motions for summary judgment [Court File # 149]. The FDIC contends that as a matter of federal common law it is entitled to all of the protections afforded a holder in due course.

With respect to the protections afforded the FDIC when it holds an asset obtained from a failed bank, the United States...

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