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NATION v. RESOLUTION TRUST CORP.

Civ. A. No. 3:92-CV-0482-D.

791 F.Supp. 1152 (1992)

Oslin NATION, Plaintiff, v. The RESOLUTION TRUST CORPORATION as Conservator for Sunbelt Federal Savings, FSB, et al., Defendants.

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

June 11, 1992.

Attorney(s) appearing for the Case

R. Matthew Molash and Alec Bramlett of Hughes & Luce, Dallas, Tex., for plaintiff.

Sabrina C. Arellano of Arellano & Emerson, Dallas, Tex., for defendant Resolution Trust Corp.

FITZWATER, District Judge:

The question presented by the instant motion to suspend legal action is whether the mandatory stay provided by 12 U.S.C. § 1821(d)(12) may remain in place more than 90 days after the Resolution Trust Corporation ("RTC") is appointed Receiver of an insured depository institution.

I

Plaintiff Oslin Nation ("Nation") filed suit in Texas state court seeking to recover judgment...

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