Crossroads Joint Venture v. Skyline Savings Ass'n

MEMORANDUM ORDER

FISH, District Judge.

This case is before the court on the motion of intervenor Federal Savings and Loan Insurance Corporation (“FSLIC”) to dismiss the plaintiffs’ claims for lack of subject matter jurisdiction. The plaintiffs have moved to remand the case. For the reasons stated below, the motion to dismiss is granted, while the motion to remand is granted in part and denied in part.

Plaintiffs filed this action in state court against Skyline Savings Association (“Skyline”) seeking a declaration that their obligations to Skyline under a promissory note had been extinguished.…