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NEE v. FEDERAL DEPOSIT INSURANCE CORPORATION

No. CV 08-06245 MMM (AJWx).

KAY NEE, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, in its own name and as Receiver for IndyMac Bank, F.S.B., Pasadena, Defendants.

United States District Court, C.D. California.

May 31, 2012.

Attorney(s) appearing for the Case

Kay Nee, Plaintiff, Pro Se.

Federal Deposit Insurance Corporation, Substituted for IndyMac Bank-F.S.B. Pasadena, Defendant, represented by Alex Edwin Spjute, Hughes Hubbard and Reed, Rita Maria Haeusler, Hughes Hubbard & Reed LLP & Scott H Christensen, Hughes Hubbard & Reed LLP, PRO HAC VICE.

Attorney Settlement Officer, Mediator (ADR Panel), represented by David Gould, McDermott Will & Emery.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

MARGARET M. MORROW, District Judge.

On July 11, 2008, the Office of Thrift Supervision ("OTS") closed IndyMac Bank, F.S.B. ("IndyMac") and appointed the Federal Deposit Insurance Corporation ("FDIC") as the bank's receiver pursuant to 12 U.S.C. § 1821(c)(2)(A). That same day, the FDIC formed IndyMac Federal Bank, a newly chartered depository institution, and transferred IndyMac's insured deposits to it. The FDIC...

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