Federal Deposit Insurance v. Nordbrock

BRIGHT, Circuit Judge.

The Federal Deposit Insurance Corporation (FDIC), in its corporate capacity, sued Gerald L. Nordbrock, a resident of Nebraska, on a promissory note. The district court1 granted summary judgment for the FDIC.

Nordbrock contends that the applicable statute of limitations under the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), 12 U.S.C. § 1821 (1994), bars this action. Nordbrock also contends that the district court erred in rejecting his affirmative defense of laches. We affirm.

I. BACKGROUND

The facts are not in dispute. In the late 1970’s,…