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FEDERAL DEPOSIT INS. CORP. v. KELLY

Civ. No. 87-679-A.

682 F.Supp. 427 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, a corporation in its corporate capacity in liquidation of Commercial State Bank, Afton, Iowa, Plaintiff, v. Michael J. KELLY, Nancy L. Kelly, Dwight A. Ingram, Darrell S. Werner, Steven D. Werner, C. Frederick Booth, Robert M. Crandall and Allan L. Kirkhart, Defendants.

United States District Court, S.D. Iowa, C.D.

March 31, 1988.

Attorney(s) appearing for the Case

A.T. Dill III, FDIC Legal Div., Washington, D.C., Thaddeus G. Fenton, FDIC Legal Div., West Des Moines, Iowa, and Robert V. Ginn and MaryBeth Frankman, Omaha, Neb., for plaintiff.

Ralph R. Brown of McDonald, Brown & Kimple, Dallas Center, Iowa, for C. Frederick Booth, Robert M. Crandall and Allan L. Kirkhart.

John R. Mackaman and Bruce J. Toenjes of Dickinson, Throckmorton, Parker, Mannheimer & Raife, Des Moines, Iowa, for Darrell S. Werner and Steven D. Werner.

WOLLE, District Judge.

The Federal Deposit Insurance Corporation (FDIC) filed this action against former directors and officers of the Commercial State Bank of Afton (Bank), a failed Iowa-chartered bank taken over by the FDIC in 1985. Defendants Darrell S. Werner, Steven D. Werner, C. Frederick Booth, Robert M. Crandall, and Allan L. Kirkhart by motions to dismiss contend this court is without jurisdiction. They argue that the jurisdictional statute on which the FDIC...

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