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COM. v. F.D.I.C.

Civ. A. No. 94-2677.

881 F.Supp. 979 (1995)

COMMONWEALTH OF PENNSYLVANIA v. FEDERAL DEPOSIT INSURANCE CORPORATION.

United States District Court, E.D. Pennsylvania.

March 28, 1995.

Attorney(s) appearing for the Case

Edward J. Morris, Stuart M. Bliwas, Harrisburg, PA, for plaintiff.

Alan S. Gold, Elkins Park, PA, for defendant.

MEMORANDUM

O'NEILL, District Judge.

I. Introduction

Currently before the Court is defendant's Motion to Dismiss pursuant to Fed.R.Civ.P. Rule 12(b) on the grounds that the Federal Deposit Insurance Corporation (FDIC) as receiver had no obligation to honor plaintiff's letter of credit. Plaintiff responds that its letter of credit constitutes an insured deposit which the FDIC as insurer must honor. The FDIC asserted in its reply and...

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