Legal Opinion
The Federal Savings and Loan Insurance Corporation as Receiver of Sun Belt Federal Bank, F.S.B. v. George M. Bonfanti, Gerald E. Fackrell, Jr.
Court of Appeals for the Fifth Circuit
Decided May 8, 1987No. 87-3012PublishedCited by 16 opinions
1Opinion of the Court
ROBERT MADDEN HILL, Circuit Judge:
The Federal Savings and Loan Insurance Corporation (FSLIC), acting as receiver for Sun Belt Federal Bank, F.S.B. (Sun Belt), appeals the district court’s order requiring it to carry out pre-receivership settlement agreement between Sun Belt and several other parties. For the reasons given below, we reverse and remand with instructions to dismiss for lack of subject matter jurisdiction.
I
In 1984 Sun Belt made substantial construction loans for two real estate developments in Baton Rouge, Louisiana. The borrowers failed to repay the loans and the two real estate…
2Cases cited3 opinions
- North Mississippi Savings & Loan Association and New North Mississippi Federal Savings & Loan Association v. Joseph M. HudspethCourt of Appeals for the Fifth Circuit · 1985
- Morrison-Knudsen Co. v. CHG International, Inc.Court of Appeals for the Ninth Circuit · 1987
- Chupik Corporation v. Federal Savings & Loan Insurance CorporationCourt of Appeals for the Federal Circuit · 1986
3Cited by16 opinions
- Federal Sav. and Loan Ins. Corp. v. SheltonDistrict Court, M.D. Louisiana · 1992
- Henry v. Independent American Savings Ass'nCourt of Appeals for the Fifth Circuit · 1988
- Coit Independence Joint Venture v. Firstsouth, F.A.Court of Appeals for the First Circuit · 1987
- Vernon Savings & Loan Ass'n, FSA v. Commerce Savings & Loan Ass'nDistrict Court, N.D. Texas · 1988
- Paul Thomes and Richard Thomes v. Equitable Savings & Loan AssociationCourt of Appeals for the Fifth Circuit · 1988
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