National Partnership Investment Corp. v. National Housing Development Corp.

BLACK, Circuit Judge:

DefendanL-Appellant National Housing Development Corp. (NHDC) appeals the district court’s order appointing a receiver pen-dente lite in this foreclosure action. The appeal raises two narrow questions of law: (1) whether the appointment of a receiver by a federal court exercising diversity jurisdiction is governed by state or federal law; and (2) what standard of review this Court should apply in reviewing the appointment of a receiver. We conclude that federal law governs the appointment of a receiver and that the decision of the district court should be reviewed for an…