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McCLOUD v. F.D.I.C.

No. 93-10980-PBS.

853 F.Supp. 556 (1994)

Michael McCLOUD, Marilyn McCloud, Earl W. Barros, Eric B. Wendland, Joan McCloud, Edward S. McCloud, Joseph McCloud, Stephen E. McCloud and George J. Ramsey, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Insurer and as Liquidating Agent/Receiver of Massachusetts Bank and Trust Co., Defendant.

United States District Court, D. Massachusetts.

May 26, 1994.

Attorney(s) appearing for the Case

Preston W. Halperin, Levy & Halperin, Boston, MA, for plaintiff.

Sumita Mukhoty, F.D.I.C.-Legal Div., Washington DC and Paul M. Tyrell, Shaffner & Gilleran, Boston, MA, for defendant.

MEMORANDUM OF DECISION AND ORDER ON DEFENDANT'S MOTION TO DISMISS OR FOR SUMMARY JUDGMENT AND PLAINTIFF'S CROSS-MOTION FOR SUMMARY JUDGMENT

SARIS, District Judge.

The plaintiffs, Michael McCloud, Marilyn McCloud, Earl W. Barros, Eric B. Wendland, Joan McCloud, Edward S. McCloud, Joseph McCloud, Stephen E. McCloud and George J. Ramsey (the "plaintiffs") brought this action against the Federal Deposit Insurance Corporation (the "FDIC"), in its dual capacities...

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