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COLEMAN v. F.D.I.C.

Civ. A. No. 91-12760-H.

826 F.Supp. 31 (1993)

Martin J. COLEMAN, III, et al., Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION as Receiver for First Mutual Bank for Savings, Defendant.

United States District Court, D. Massachusetts.

March 25, 1993.

Attorney(s) appearing for the Case

Joseph L. Duffy, Jr., Hingham, MA, David R. Kerrigan, Mahoney, Hawkes & Goldings, Boston, MA, for plaintiffs.

Brian E. Pastuszenski, Mark K. Schonfeld, Spencer C. Demetros, Testa, Hurwitz & Thibeault, G. Matthew Kerns, Daniel P. Dacey, Marsh, Moriarty, Ontell & Dacey, P.C., Boston, MA, for defendant.

MEMORANDUM AND ORDER

HARRINGTON, District Judge.

The Plaintiffs filed their original Complaint in this action on June 11, 1991 in Middlesex Superior Court, alleging various torts arising out of the breach of two agreements by First Mutual Bank for Savings ("First Mutual").1 The first agreement was an alleged June, 1990 workout agreement relating to a defaulted $6.2 million loan for the development of a condominium project...

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