FDIC Can Recover On Failed Bank's Loan, Federal Judge Rules

ATLANTA - The Federal Deposit Insurance Corp., as the receiver for a failed bank, is entitled to recover on a defaulted loan, a federal judge in Georgia found Aug. 21, saying that it is undisputed that two parties are in default (Federal Deposit Insurance Corp. v. Kirkland Road LLC, et al., No. 12-3982, N.D. Ga.; 2013 U.S. Dist. LEXIS 119111).

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