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POINT DEVELOPERS, INC. v. F.D.I.C.

No. CV 94-0950 ADS.

961 F.Supp. 449 (1997)

POINT DEVELOPERS, INC., Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as successor in interest to the Resolution Trust Corporation, as Receiver and Final Receiver of State Savings, FSB, and as Receiver of State Savings, FA, Defendant.

United States District Court, E.D. New York.

April 5, 1997.

Attorney(s) appearing for the Case

Jessel Rothman, P.C., Mineola, New York, for Plaintiff; by Julian Kaplan, of counsel.

Windels, Marx, Davies & Ives, New York, N.Y., for Defendant Federal Deposit Insurance Corporation; by Anthony A. Dean, of counsel.

MEMORANDUM OF DECISION AND ORDER

SPATT, District Judge.

This lawsuit arises from the claims of the plaintiff, Point Developers, Inc. (the "plaintiff" or "Point Developers") against the original defendant in this lawsuit, the Resolution Trust Corporation ("RTC"), as receiver for both State Savings, FSB, ("State FSB") and State Savings, FA ("State FA"), based on an alleged breach of a loan agreement. On January 17, 1996, the Federal Deposit Insurance Corporation...

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