DeCell & Associates v. Federal Deposit Insurance

Appellant DeCell & Associates (“DeCell”) appeals from the district court’s dismissal of its claims against the Federal Deposit Insurance Corporation (“FDIC”), in both its receivership and corporate capacities, for lack of subject matter jurisdiction. We affirm the judgment of the district court.

I. BACKGROUND

DeCell is a company engaged in the business of buying and selling oilfield drill pipe and related products. In April 1986, JRL International and Associates, Inc. (“JRL”) ordered drill collar bits from DeCell, instructing DeCell to ship the bits to a Mexican company, Perforaciones Marinas…