11th Circuit Affirms, Reverses Rulings In Failed Bank Actions

ATLANTA - The 11th Circuit U.S. Court of Appeals on Aug. 16 affirmed a district court's summary judgment rulings in favor of the Federal Deposit Insurance Corp., as the receiver for the failed Darby Bank & Trust, and affirmed the denial of motions to remand, but it reversed the lower court's dismissal of the remaining claims against non-FDIC defendants, finding that the court erred in determining that it did not retain jurisdiction over those claims (Stephanie Lindley v. Federal Deposit Insurance Corp., et al., No. 12-12015; Robert M. Osborne Jr., et al. v. Federal Deposit Insurance Corp., et al., No. 12-12290; Don Reinke, et al. v. Darby Bank & Trust Co., et al., No. 12-12292; Jim Hunt v. Federal Deposit Insurance Corp., et al., No. 12-12297; Warren Lokey v. Federal Deposit Insurance Corp., et al., No. 12-12299; Harris Banking Co. v. Darby Bank & Trust Co., et al., No. 12-12359, 11th Cir.; 2013 U.S. App. LEXIS 17019).

Access this news story on lexis.com®