Legal Opinion
Nation v. Resolution Trust Corp.
District Court, N.D. Texas
Decided June 11, 1992No. 3:92-cr-00482PublishedCited by 1 opinion
1Opinion of the Court
FITZWATER, District Judge:
The question presented by the instant motion to suspend legal action is whether the mandatory stay provided by 12 U.S.C. § 1821(d)(12) may remain in place more than 90 days after the Resolution Trust Corporation (“RTC”) is appointed Receiver of an insured depository institution.
I
Plaintiff Oslin Nation (“Nation”) filed suit in Texas state court seeking to recover judgment from defendant RTC as Conservator for Sunbelt Federal Savings, FSB (“Sunbelt FSB”) and from Sunbelt FSB. Nation predicates his action on theories of conversion, breach of fiduciary duty, and breach…
2Cases cited3 opinions
- Praxis Properties, Inc. And Praxis Properties, Inc. For the State of New Jersey v. Colonial Savings Bank, S.L.A. The Resolution Trust Corporation, Colonial Federal Savings Bank v. Dynamic Industries Company, Inc. Angelo M. Gregos Nicholas Poulous and Sharp Construction Company, Inc. Resolution Trust Corporation, as Receiver of Colonial Federal Savings AssociationCourt of Appeals for the Third Circuit · 1991
- Prince George Joint Venture v. Sunbelt Savings, F.S.B.District Court, N.D. Texas · 1990
- ST. BERNARD SAVINGS & LOAN ASSOCIATION v. Robin Seafood, Inc.District Court, E.D. Louisiana · 1992
3Cited by1 opinion
- Napa Valley I, LLC v. Federal Deposit InsuranceDistrict Court, D. Nevada · 2009