PIONEER BANK AND TRUST v. Resolution Trust Corp.
District Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM AND ORDER
MORAN, Chief Judge.
Plaintiffs brought an action for breach of contract under the Federal Deposit Insurance Act, 12 U.S.C. § 1811 et seq., as amended by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), against the defendant Resolution Trust Corporation, as receiver of Great American Savings & Loan Association (RTC). The RTC now moves to dismiss plaintiffs’ claim, pursuant to Fed.R.Civ.P. 12(b)(6), for failure to state a claim upon which relief can be granted. For the reasons below, we deny defendant’s motion.
BACKGROUND 1
Plaintiffs are the…
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