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FLETCHER VILLAGE CONDOMINIUM ASS'N v. F.D.I.C.

Civ. A. No. 92-10691-RGS.

864 F.Supp. 259 (1994)

FLETCHER VILLAGE CONDOMINIUM ASSOCIATION, Howland Village II Condominium Association, and Billington Village II Condominium Association v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Boston Trade Bank, and Federal Deposit Insurance Corporation, in its Corporate Capacity.

United States District Court, D. Massachusetts.

October 14, 1994.

Attorney(s) appearing for the Case

David L. Klebanoff, Boston, MA, for plaintiffs.

Thomas L. Holzman, Fed. Deposit Ins. Corp., Washington, DC, for defendants.

MEMORANDUM AND ORDER ON DEFENDANT'S MOTION TO DISMISS OR FOR SUMMARY JUDGMENT

STEARNS, District Judge.

Plaintiff condominium associations brought this lawsuit against the Federal Deposit Insurance Corporation ("FDIC") in its capacity as receiver of the defunct Boston Trade Bank ("BTB") and in its corporate capacity as an insurer of the bank's deposits. Plaintiffs allege that BTB, in disregard of oral instructions, caused money entrusted for the purchase...

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