Federal Deposit Insurance Corporation v. John Henderson, Jr.

GARWOOD, Circuit Judge:

Acting in its corporate capacity as manager of the Federal Savings and Loan Insurance Corporation (the FSLIC) Resolution Fund, plaintiff-appellant the Federal Deposit Insurance Corporation (the FDIC) appeals from the take-nothing judgment entered against it. As we agree with the district court’s determination, based on a jury finding, that all the FDIC’s claims are time-barred under Texas law, we affirm.

Facts and Proceedings Below

This action arises out of the failure, in 1988, of two state-chartered, federally insured financial institutions, Home Savings and Loan…