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TIMBERLAND DESIGN, INC. v. FDIC

Civ. A. No. 89-40032-XX.

745 F.Supp. 784 (1990)

TIMBERLAND DESIGN INC. and William C. Barnsley, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Liquidating Agent for First Service Bank for Savings, Defendant.

United States District Court, D. Massachusetts.

As Corrected August 23, 1990.

Attorney(s) appearing for the Case

Henry A. Brown, Potters & Sands, Boston, Mass., for plaintiffs.

Robert J. Stillman, Ropes & Gray, Boston, Mass., for defendant.

MEMORANDUM AND ORDER

WOODLOCK, District Judge.

Defendant Federal Deposit Insurance Corporation ("FDIC"), as liquidating agent for the First Service Bank for Savings ("First Service"), brings motions seeking a) to establish that plaintiffs Timberland Design, Inc. ("Timberland") and William C. Barnsley may not enforce a $3.9 million purported oral loan commitment with First Service and b) to recover a judgment of some $5.7 million in principal and accrued...

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