Federal Deposit Insurance v. Smith

ORDER

HAROLD L. MURPHY, District Judge.

This action was filed by the Federal Deposit Insurance Corporation (“FDIC”) in its corporate capacity as liquidator of the Hamilton National Bank of Chattanooga (“Bank”) seeking to recover on certain guaranties executed by the defendants. Jurisdiction is invoked pursuant to 28 U.S.C. § 1348 and 12 U.S.C. § 1819. Presently pending before the Court is plaintiff’s motion for judgment on the pleadings on the counterclaims asserted in the defendants’ answers.

This action was initiated to recover on certain guaranties of payment executed by the defendants on…