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RUSH v. FEDERAL DEPOSIT INS. CORP.

No. C-89-4535 SAW.

747 F.Supp. 575 (1990)

Willard H. RUSH, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, a corporate instrumentality of the United States of America, as Manager of the Federal Savings and Loan Insurance Corporation Resolution Fund; Federal Deposit Insurance Corporation, a corporate instrumentality of the United States of America, as Receiver for Centennial Savings and Loan Association; Jeffry G. Locke; Anthony C. La Scala; and Great Western Bank, Defendants.

United States District Court, N.D. California.

October 4, 1990.

Attorney(s) appearing for the Case

Michael P. Merrill, Eric T. Davis, Merrill & Arnone, Santa Rosa, Cal., for plaintiff.

John W. Crittenden, Richard Frank, Cooley, Godward, Castro, Huddleson & Tatum, San Francisco, Cal., Dina L. Biblin, Counsel, Legal Div., FDIC, Washington, D.C., Michael Heumann, Stephen P. Wiman, Fine, Perzik & Singman, Los Angeles, Cal., for defendants.

MEMORANDUM AND ORDER

WEIGEL, District Judge.

Plaintiff's suit is bottomed on a contract with Centennial Savings & Loan ("Centennial") that guaranteed him one year's salary if Centennial terminated him without cause. The amount of that salary was $105,000. Based upon that contract, plaintiff sues the Federal Deposit Insurance Corporation in its corporate capacity ("FDIC Corporate") and the Federal Deposit Insurance Corporation as Receiver for Centennial...

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