1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 681 F.Supp.
  5. 681 F.Supp. 408 (1988)
 

FEDERAL DEPOSIT INS. CORP. v. DIXON

No. 86-CV-10196-BC.

681 F.Supp. 408 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, a corporate agency of the United States government, Plaintiff, v. Ruth DIXON, Defendant and Third-Party Plaintiff, v. SOUTHWESTERN DRILLING, an Oklahoma general partnership, Southwestern Drilling Management Company, an Oklahoma corporation, Southwestern Drilling Company, an Oklahoma corporation, Bill Schones, John Yoeckel, and Roger Bernstein, Third-Party Defendants.

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

January 21, 1988.

Attorney(s) appearing for the Case

William J. Reifman, Barbara Bertok and Judi Katz, Mayer, Brown & Platt, Chicago, Ill., and Craig W. Horn, Braun, Kendrick, Finkbeiner, Schafer & Murphy, Saginaw, Mich., for FDIC.

Alan R. Miller and Joseph F. Yamin, Alan R. Miller, P.C., Birmingham, Mich., for Dixon.

David Paynter and Richard W. Thompson, Ericksen, Arbuthnot, Walsh, Paynter & Brown, Inc., San Francisco, Cal., for Southwestern Drilling, Southwestern Drilling Management Co. and Southwestern Drilling Co.

Mark R. Lezotte and Mark T. Nelson, Butzel, Long, Gust, Klein & Van Zile, Detroit, Mich., and Robert A. Goodin, Diane Wear Larrabee and Elizabeth M. McQuillan, Armour, St. John, Wilcox, Goodin & Schlotz, San Francisco, Cal., for Bernstein.

Marvin D. Morgenstein, Morgenstein, Ladd & Jubilerer, San Francisco, Cal., for Yoeckel.

Craig H. Casebeer and Janet L. Cullum, Cooley, Godward, Castro, Huddleson & Tatum, Palo Alto, Cal., for Robt. Gee.

MEMORANDUM OPINION

CHURCHILL, District Judge.

Pending motions for summary judgment require the Court to examine the parameters of 12 U.S.C. § 1823(e). Specifically, the Court must determine whether a limited partner who signed an assumption agreement is liable to the Federal Deposit Insurance Corporation ("FDIC") under the assumption agreement's terms even if the limited partnership promoters defrauded the limited partner. The Court finds that 12 U...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases