Legal Opinion

Federal Deposit Insurance v. Langley

Court of Appeals for the Fifth Circuit

Decided June 25, 1986No. 85-4549PublishedCited by 1 opinion

1Opinion of the Court

JOHNSON, Circuit Judge:

W.T. and Mary Ann Grimes Langley (the “Langleys”) appeal from the district court’s summary judgment, pursuant to Fed.R.Civ.P. 54(b), in favor of the Federal Deposit Insurance Corporation (“FDIC”). Holding that the district court correctly applied the statutory safeguards accorded the FDIC, this Court affirms.

I. BACKGROUND

The facts of this case arise out of the Langleys’ purchase of a farm (the “Melville Property”) in Point Coupee Parish, Louisiana, from Leenerts Farms, Inc. (“Leenerts”). Planters Trust & Savings Bank *543(“Planters”) had made previous loans to the prior…

2Cases cited17 opinions

  1. D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
  2. Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
  3. Federal Deposit Insurance Corporation v. The Merchants National Bank of MobileCourt of Appeals for the Eleventh Circuit · 1984
  4. Chatham Ventures, Inc., Scott Thompson and Laurie K. Abbott v. Federal Deposit Insurance Corporation, Chatham Ventures, Inc., Scott Thompson and Laurie K. Abbott v. Federal Deposit Insurance CorporationCourt of Appeals for the Fifth Circuit · 1981
  5. Federal Deposit Insurance Corporation, as Liquidator for the Hamilton National Bank of Chattanooga v. Lattimore Land CorporationCourt of Appeals for the Fifth Circuit · 1981

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3Cited by1 opinion

  1. Federal Deposit Insurance Corp. v. W.T. Langley and Mary Ann Grimes Langley, W.T. Langley and Mary Ann Grimes Langley v. Federal Deposit Insurance CorporationCourt of Appeals for the Fifth Circuit · 1986

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