Pyle v. Meritor Savings Bank

MEMORANDUM AND ORDER

HUTTON, District Judge.

Presently before the Court is the plaintiff Douglas H. Pyle’s Motion for Remand, the Federal Deposit Insurance Corporation’s (“FDIC”) Opposition, and the plaintiffs response. 1

FACTUAL AND PROCEDURAL BACKGROUND

Plaintiff, Douglas H. Pyle, was a former executive and officer of the Meritor Investment Company (“TMIC”), a division of Meritor Savings Bank (“Meritor”). TMIC managed Meritor’s mutual funds pursuant to a written employment contract. Pursuant to the same agreement, the plaintiff became the president of TMIC. The contract provided for a term of…