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BLAKELY AIRPORT JOINT VENTURE v. FED. SAV. & LOAN INS. CORP.

Civ. A. No. CA3-87-2912-D.

678 F.Supp. 154 (1988)

BLAKELY AIRPORT JOINT VENTURE II, Raleigh Blakely & Associates, Inc. and Raleigh Blakely, Sr., Raleigh Blakely, Jr., Bruce Blakely, and Rex Blakely, Plaintiffs, v. The FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, As Receiver for Vernon Savings & Loan Association, Sandia Federal Savings and Loan Association, Charles Wilson, and Don R. Dixon, Defendants.

United States District Court, N.D. Texas, Dallas Division.

January 29, 1988.

Attorney(s) appearing for the Case

H. Dee Johnson of Matthews, Kroemer, Johnson & Turner, Dallas, Tex., for plaintiffs.

J. Michael Amis and David A. Ives of Leonard, Marsh, Hurt & Terry, Dallas, Tex., Paul H. Friedman and Samuel J. Winer of Arter & Hadden, Washington, D.C., Barry S. Zisman and David I. Hammond of Arter Hadden & Witts, Dallas, Tex., and Jordan Luke, Jack Smith, Dorothy Nichols, and Charles McDonald of Office of Gen. Counsel, Washington, D.C., for Federal Sav. and Loan Ins. Corp., as Receiver for Vernon Sav. and Loan Ass'n, FSA.

MEMORANDUM OPINION AND ORDER

FITZWATER, District Judge.

Defendant, Federal Savings and Loan Insurance Corporation ("FSLIC"), as receiver for Vernon Savings and Loan Association, FSA ("New Vernon"), seeks leave of court in this removed action to conduct a foreclosure sale of property that is the subject of this action. Plaintiffs oppose the granting of leave and move to remand this case to Texas state court. For the reasons that follow, the court denies the...

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