Resolution Trust Corporation v. James M. Artley, Third-Party International Insurance Company, Inc., Third-Party the Cincinnati Company, Third-Party

EDMONDSON, Circuit Judge:

The district court applied the federal common law doctrine of “adverse domination” to toll the state statute of limitations governing plaintiffs claims. We decide, under Georgia law, that the limitations period was not tolled and that the limitation is a bar to all but one of plaintiffs claims. So, we must reverse and remand.

I

Defendants are former officers and directors of Great Southern Federal Savings Bank (“Great Southern,” or the “Bank”). In the mid-1980’s, the Bank experienced substantial losses on real estate loans. In June 1989, the Federal Home Loan Bank Board…