Belgian American Investments & Trade, Inc. v. Federal Savings & Loan Insurance

MEMORANDUM ORDER

FISH, District Judge.

This case is before the court on plaintiffs’ motion for new trial in light of Coit Independence Joint Venture v. Federal Savings and Loan Insurance Corporation, — U.S. -, 109 S.Ct. 1361, 103 L.Ed.2d 602 (1989).1 Because Coit largely *463overturned the Hudspeth doctrine, id. at 1366-76, the motion for a new trial is granted to the extent of vacating the dismissal of plaintiffs’ claims against the Federal Savings and Loan Insurance Corporation (“FSLIC”).2 In light of recent Supreme Court pronouncements, however, the court is of the opinion that this case should…