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FEDERAL DEPOSIT INS. CORP. v. MANATT

No. J-C-87-53.

688 F.Supp. 1327 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its Corporate Capacity, Plaintiff, v. Scott MANATT, Defendant.

United States District Court, E.D. Arkansas, Jonesboro Division.

May 25, 1988.

Attorney(s) appearing for the Case

H. Keith Morrison, Little Rock, Ark., Jeffrey Axelrad, and Dina L. Biblin, U.S. Dept. of Justice, Washington, D.C. for plaintiff.

Scott Manatt, Corning, Ark., pro se.

ORDER

ROY, District Judge.

Before the Court are Motions for Summary Judgment filed by both parties. Extensive briefs have been filed over a period of several months, and the matter is now ripe for determination.

This case arises out of a dispute over the liability of defendant on certain promissory notes that were given to Corning Bank. FDIC contends that it acquired the indebtedness totaling $316,531.76 due the bank when the Corning Bank closed...

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