Federal Deposit Insurance v. Ernst & Young, LLP

MEMORANDUM OPINION AND ORDER

GETTLEMAN, District Judge.

On April 15, 2003, this court issued a Memorandum Opinion and Order (the “April 15 Opinion”) granting the motion to dismiss filed by defendant Ernst & Young, LLP (“E & Y”) on the ground that plaintiff Federal Deposit Insurance Corporation (“FDIC”) did not have standing to file this suit in its corporate capacity.1 In addition, the April 15 Opinion contained the following:

The remaining issue, then, which was argued extensively by both parties in their briefs as well as during oral argument, is whether the FDIC properly repudiated the…