Federal Deposit Insurance v. American Bank Trust Shares, Inc.

WINTER, Circuit Judge:

Defendants, shareholders in American Bank Trust Shares, Inc. (ABTS), appeal from orders of the district court declaring, in relevant part, (1) that Federal Deposit Insurance Corporation (FDIC) is the sole owner of certain choses in action against the officers and directors of ABTS and its subsidiary, American Bank & Trust (Bank); (2) that FDIC may bring such causes of action to trial as soon as practicable; and (3) that defendants’ counterclaim asserting *713fraud and wrongdoing by FDIC (among other allegations) be indefinitely stayed. The shareholders assert numerous errors…