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FEDERAL DEPOSIT INS. CORP. v. CLR PARTNERSHIP

Civ. A. No. 87-811-B.

683 F.Supp. 549 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its Corporate Capacity v. CLR PARTNERSHIP, et al.

United States District Court, M.D. Louisiana.

As Corrected April 21, 1988.

Attorney(s) appearing for the Case

David S. Rubin, Kantrow, Spaht, Weaver & Blitzer, Richard F. Zimmerman, Jr., J. Kendall Rathburn, Jonathan C. Benda, Baton Rouge, La., for Federal Deposit Ins. Corp.

José Romanach, Powers, Vaughn & Clegg, Baton Rouge, La., for CLR Partnership, Fred J. Ruiz, Jr., and Debra Albers Ruiz.

OPINION

POLOZOLA, District Judge.

The Federal Deposit Insurance Corporation ("FDIC") has filed this suit against CLR Partnership, Fred J. Ruiz, Jr. and Debra Albers Ruiz. The FDIC seeks to recover on certain promissory notes executed by the defendants with Metropolitan Bank and Trust Company ("Metropolitan Bank"). On November 7, 1986, Metropolitan Bank was closed and the FDIC was appointed receiver and liquidator of the bank. Three notes which were executed...

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