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FORBES v. F.D.I.C.

Civ. A. No. 93-11203-JLT.

850 F.Supp. 94 (1994)

Peter FORBES, Clark Quin, and Karen Kimmel, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant.

United States District Court, D. Massachusetts.

April 29, 1994.

Attorney(s) appearing for the Case

Jeffrey S. Baker, Bruce Medoff, Baker & Associates, Boston, MA, for plaintiffs.

Kenneth R. Berman, A. Neil Hartzell, Sherin & Lodgen, Boston, MA, for defendant.

MEMORANDUM

TAURO, Chief Judge.

I.

Background

Plaintiffs Peter Forbes, Clark Quin and Karen Kimmel reside in a building located at 241 A Street, South Boston. In 1986, Peter Diem, the owner of plaintiffs' building, granted a mortgage on the building to the Bank of New England, N.A ("BNE").

On January 6, 1991, the Office of the Comptroller of Currency determined that BNE was insolvent and appointed the Federal...

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