Cutler v. Federal Deposit Insurance

GENE CARTER, Chief Judge.

ORDER GRANTING DEFENDANT FEDERAL DEPOSIT INSURANCE CORPORATION’S MOTION FOR SUMMARY JUDGMENT

This case involves a power-of-sale foreclosure auction conducted by Maine Savings Bank (“MSB”) on November 18, 1990, at which time Plaintiff Arthur E. Cutler (“Plaintiff”) was the high bidder at the foreclosure sale and signed a Purchase and Sale Agreement (“PSA”). On December 14, 1990, Plaintiff filed his Complaint against MSB and other named Defendants seeking, inter alia, an injunction forcing the FDIC to preserve his deposit and prohibiting conveyance of the property to any…