Federal Deposit Insurance Corp. v. Caplan

RULING

LITTLE, District Judge.

This case involves claims brought by the Federal Deposit Insurance Corporation against former directors of First Bank of Pineville, Louisiana, alleging breach of fiduciary duty of care and loyalty. Before this court is the motion of defendant Randolph A. Monsur for a judgment on the pleadings. Defendant Monsur argues that (1) the FDIC’s complaints are barred by prescription and (2) the FDIC failed to allege specific facts to support its claims.

I. Prescription

Monsur’s prescription argument has two components. First, he argues that the appropriate prescriptive…