Woodbridge Plaza, a General Partnership v. Bank of Irvine

SCHROEDER, Circuit Judge:

The principal issue in this appeal is a question of California state law. Appellant contends that the Federal Deposit Insurance Corporation (FDIC), acting pursuant to California law as receiver of a state-chartered bank, violated California statutes requiring equal treatment of bank creditors. Appellant’s claim against the bank was not included in a purchase and assumption agreement executed by the FDIC as receiver of an insolvent bank, and no provision was made for satisfaction of the claim. Appellant seeks a declaratory judgment and eventual damages against the FDIC.