Legal Opinion

Prince George Joint Venture v. Sunbelt Savings, F.S.B.

District Court, N.D. Texas

Decided September 7, 1990No. Civ. A. CA3-90-1520-DPublishedCited by 7 opinions

1Opinion of the Court

FITZWATER, District Judge:

The court is asked to decide whether the 90-day stay provision of 12 U.S.C. § 1821(d)(12) is mandatory.

I

In this case plaintiffs Prince George Joint Venture and Prince George Corporation assert claims against various defendants, including the Federal Deposit Insurance Corporation (“FDIC”) and the Resolution Trust Corporation (“RTC”), for breach of a joint venture agreement, breach of duty of good faith and fair dealing, control and domination, economic duress, unlawful interference with business activities, and injunctive relief. Prince George Joint Venture was formed…

2Cases cited6 opinions

  1. Tuxedo Beach Club Corp. v. City Federal Savings BankDistrict Court, D. New Jersey · 1990
  2. Federal Deposit Ins. Corp. v. TaylorDistrict Court, S.D. Texas · 1989
  3. Federal Deposit Ins. Corp. v. LoydDistrict Court, N.D. Texas · 1990
  4. Tuxedo Beach Club Corp. v. City Federal Savings BankDistrict Court, D. New Jersey · 1990
  5. Hunter's Run, I, Ltd. v. Arapahoe County Public TrusteeDistrict Court, D. Colorado · 1990

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3Cited by7 opinions

  1. 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
  2. Praxis Properties, Inc. v. Colonial Savings BankCourt of Appeals for the Third Circuit · 1991
  3. Irving Independent School District v. Packard Properties, Ltd.District Court, N.D. Texas · 1991
  4. Boylan v. George E. Bumpus, Jr. Construction Co. (In Re George E. Bumpus, Jr. Construction Co.)United States Bankruptcy Court, D. Massachusetts · 1992
  5. Nation v. Resolution Trust Corp.District Court, N.D. Texas · 1992

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