Federal Deposit Insurance v. Cage

MEMORANDUM OPINION AND ORDER

BARBOUR, Chief Judge.

This cause is before the Court upon the Supplemental Motion for Summary Judgment of Plaintiff and upon Defendants’ Motion for Reconsideration. The Court has considered the motions and responses and finds that Plaintiff’s motion should be granted and Defendants’ motion should be denied.

I. Background

On November 4, 1992, the Court entered a Memorandum Opinion and Order in this matter finding that Plaintiff Federal Deposit Insurance Corporation (“FDIC”) is entitled to recover from Defendants the unpaid principal, interest and attorney’s fees due…