Resolution Trust Corp. v. Fleischer

MEMORANDUM AND ORDER

LUNGSTRUM, District Judge.

I. Introduction

This case involves a suit brought by plaintiff Resolution Trust Corporation (“RTC”) alleging multiple causes of action against former directors and officers of Franklin Savings Association (“FSA”). The claims asserted by the RTC against the defendants include various state law causes of action for negligence and breach of fiduciary duty arising out of a series of transactions involving tax-exempt revenue bonds known as credit enhancement projects and alleged losses sustained through various broker-dealer subsidiaries of FSA. 1

This…