Mealey's Banking & Finance - Claim Against FDIC Is Moot, Federal Judge Finds

Mealey's Banking & Finance - Claim Against FDIC Is Moot, Federal Judge Finds

KANSAS CITY, Mo. - A federal judge in Missouri on March 29 dismissed the Federal Deposit Insurance Corp. from a suit filed by an investor in a golf course development, finding that the investor would not receive monetary relief even if it prevailed on its breach of contract claim against the FDIC, as the receiver for the failed Hillcrest Bank (Quintero Community Association Inc., et al. v. Federal Deposit Insurance Corp., et al., No. 11-0893, W.D. Mo.; 2014 U.S. Dist. LEXIS 58934).

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