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VILLAGE SOUTH JOINT VENTURE v. FDIC

Civ. A. No. CA3-89-0122-D.

733 F.Supp. 50 (1990)

VILLAGE SOUTH JOINT VENTURE, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Manager of the FSLIC Resolution Fund, as Successor to the FSLIC, as Receiver for Vista Savings Association, Bluebonnet Savings Bank, FSB, Defendants.

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

March 19, 1990.

Attorney(s) appearing for the Case

Thomas J. Stutz of the Law Office of Windle Turley, P.C., Dallas, Tex., for plaintiff.

Margaret Ann White of Gardere & Wynne, Dallas, Tex., for defendants.

FITZWATER, District Judge:

In this civil action against the Federal Deposit Insurance Corporation ("FDIC"), as receiver for a failed savings and loan association, the court grants summary judgment on the basis that plaintiff can recover nothing from the FDIC by reason of a provision of the recently-enacted Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Pub.L. No. 101-73, 103 Stat. 183 (1989) ("FIRREA").

I

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