North American Broadcasting, LLC v. United States

MEMORANDUM ***

North American Broadcasting, LLC (“NAB”), sued the Federal Trade Commis*373sion (“FTC”) under the Federal Tort Claims Act seeking to recover $2.2 million in damages suffered as a result of the actions of a court-appointed receiver. In its complaint NAB alleged three causes of action: (1) negligence; (2) conversion; and (8) breach of a fiduciary duty. The district court granted summary judgment in favor of the FTC, holding that most of the claims were barred by the applicable limitations and, as to the remainder of the claims, the FTC was not liable for any loss resulting from the…