Legal Opinion
McDougald v. Federal Deposit Insurance
District Court, D. Massachusetts
Decided March 30, 1994No. Civ. A. 93-10559-JLTPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM
TAURO, Chief Judge.
I
Background
In December 1988, plaintiff Ronald McDougald, trustee for AMT Trust, sold land in Quincy, Massachusetts (the “Property”) to John E. Sullivan, trustee for Merrymount Realty Trust (“Merrymount”). To finance the purchase of the land and the development of condominiums on the Property, Mer-rymount borrowed $3.75 million from Guaranty-First Trust Company (“Guaranty”), and granted Guaranty a first mortgage on the Property. As part of the purchase price, plaintiff received a note from Merrymount, which' was secured by a second mortgage on the Property.
In…
2Cases cited9 opinions
- In Re 604 Columbus Avenue Realty Trust, Debtor. Capitol Bank & Trust Company v. 604 Columbus Avenue Realty Trust, in Re 604 Columbus Avenue Realty Trust, Debtor. Federal Deposit Insurance Corporation, as Receiver/liquidating Agent of Capitol Bank & Trust Company v. 604 Columbus Avenue Realty TrustCourt of Appeals for the First Circuit · 1992
- Timberland Design, Inc. And William C. Barnsley v. First Service Bank for SavingsCourt of Appeals for the First Circuit · 1991
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Scott ManattCourt of Appeals for the Eighth Circuit · 1991
- Resolution Trust Corp v. CarrCourt of Appeals for the First Circuit · 1993
- Iago Xes Rodriguez Diaz v. McAllen State Bank, Federal Deposit Insurance Corporation, as Receiver of McAllen State BankCourt of Appeals for the Fifth Circuit · 1992
4 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Resolution Trust Corp. v. HarrisonDistrict Court, D. Massachusetts · 1994