Federal Deposit Insurance v. Masarsky

MEMORANDUM OPINION AND ORDER

RUBEN CASTILLO, Chief Judge.

Plaintiff Federal Deposit Insurance Corporation (the “FDIC”), as Receiver for Colonial Bank (“Colonial”), brings this action against Boris Masarsky and Linda M. Surges (collectively, “Defendants”) asserting breach of contract, negligent misrepresentation, and negligence. The FDIC’s action arises out of real estate appraisals of a residential property located in North-brook, Illinois (the “Property”) that Defendants conducted and that allegedly contained misrepresentations, used inappropriate comparable sales, and did not comply with the…