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

ORDER

SIMONS, District Judge.

Pursuant to due notice to all parties in this action, a hearing was held in Aiken, South Carolina, on April 5,1976. The hearing was on the following motions:

1. Motion to Dismiss by defendant Schein;

2. Motion for Summary Judgment by plaintiff, Federal Deposit Insurance Corporation;

3. Motion for Summary Judgment by “Bagby Defendants”; and

4. Motion for Discovery by “Bagby Defendants”.

After reviewing the Motions and accompanying briefs and considering arguments of counsel, this court finds as follows:

1. Federal Deposit Insurance Corporation (FDIC) instituted this…