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RESOLUTION TRUST CORP. v. DADDONA

No. 93-1195.

9 F.3d 312 (1993)

RESOLUTION TRUST CORPORATION in its capacity as receiver for Bell Federal Savings Bank v. John L. DADDONA, Sr., Judy Daddona and Daniel Culnen, Appellants.

United States Court of Appeals, Third Circuit.

Decided November 16, 1993.

Attorney(s) appearing for the Case

James M. Barker, Asst. Gen. Counsel, Michael P. Condon, Sr. Counsel, Sheila Kraft Budoff, Counsel, Resolution Trust Corp., Washington, DC, James S. Crockett, Jr., Panos S. Midis, Mays & Valentine, Richmond, VA, Michael R. Lastowski, Saul, Ewing, Remick & Saul, Philadelphia, PA for appellee.

Mitchell R. Leiderman, Media, PA, for appellants.

Before: BECKER, NYGAARD, and ALITO, Circuit Judges.

Submitted under Third Circuit LAR 34.1(a) August 26, 1993.

OPINION OF THE COURT

BECKER, Circuit Judge.

This is an appeal by several real estate developers who are in default of their loan obligations to a failed savings and loan and who were unsuccessful in the district court in asserting a lender liability claim (based on the alleged failure of the thrift to supply additional financing) as a defense to the claim for the balance due brought by the...

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