Legal Opinion
Federal Deposit Ins. Corp. v. CLR PARTNERSHIP
District Court, M.D. Louisiana
Decided April 21, 1988No. Civ. A. 87-811-BPublishedCited by 2 opinions
1Opinion of the Court
OPINION
POLOZOLA, District Judge.
The Federal Deposit Insurance Corporation (“FDIC”) has filed this suit against CLR Partnership, Fred J. Ruiz, Jr. and Debra Albers Ruiz. The FDIC seeks to recover on certain promissory notes executed by the defendants with Metropolitan Bank and Trust Company (“Metropolitan Bank”). On November 7, 1986, Metropolitan Bank was closed and the FDIC was appointed receiver and liquidator of the bank. Three notes which were.executed in this case are at issue, together with a continuing guarantee which was executed by Mr. and Mrs. Ruiz in favor of Metropolitan Bank.
The…
2Cases cited5 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
- Federal Deposit Insurance Corp., in Its Corporate Capacity v. Cardinal Oil Well Servicing Co., Inc., Jim Cardinal, Don H. Wilson and Paul ConditCourt of Appeals for the Fifth Circuit · 1988
- National Broadcasting Co. v. United StatesSupreme Court of the United States · 1942
- In the Matter of Plantation Acceptance Corporation, Debtor. Heller Financial, Inc. v. Plantation Acceptance Corp.Court of Appeals for the Fifth Circuit · 1988
3Cited by2 opinions
- FDIC/Manager Fund v. Larsen, Texas Court of Appeals, 5th District (Dallas)1990
- Fdic v. Clr PartnershipCourt of Appeals for the Fifth Circuit · 1989