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F.D.I.C. v. J.P. MORGAN ACCEPTANCE CORP. I

No. 1:12-cv-01481-RLY-DML.

958 F.Supp.2d 1002 (2013)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver For Irwin Union Bank and Trust Company, Plaintiff, v. J.P. MORGAN ACCEPTANCE CORPORATION I, J.P. Morgan Securities LLC, JPMorgan Securities Holdings LLC, Defendants.

United States District Court, S.D. Indiana, Indianapolis Division.

July 23, 2013.

Attorney(s) appearing for the Case

David J. Grais, Maria Heifetz, Mark B. Holton, Grais & Ellsworth LLP, New York, NY, Elizabeth Chitty Green, James W. Riley, Jr., Riley Bennett & Egloff LLP, Indianapolis, IN, for Plaintiff.

Alex J. Kaplan, Andrew W. Stern, James O. Heyworth, Sidley Austin, LLP, Darrell S. Cafasso, Sharon L. Nelles, Sullivan & Cromwell LLP, New York, NY, Daniel E. Pulliam, David K. Herzog, Paul A. Wolfla, Faegre Baker Daniels LLP, Indianapolis, IN, for Defendants.

ENTRY ON PLAINTIFF'S MOTION TO REMAND

RICHARD L. YOUNG, Chief Judge.

Plaintiff, the Federal Deposit Insurance Corporation ("FDIC"), as Receiver for Irwin Union Bank and Trust Company ("Irwin"), moves to remand this case back to the Bartholomew Circuit Court. Being duly advised, the court GRANTS the FDIC's motion for the reasons set forth below.

I. Background

On September 29, 2006, Irwin purchased a residential mortgage-backed security ...

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