Brandt v. Bassett

OMNIBUS ORDER

ARONOVITZ, District Judge.

Plaintiff, William A. Brandt, as Bankruptcy Chapter 7 successor Trustee of Southeast Banking Corporation (“S.E.B.C." or “the holding company”) sued officers and directors of Southeast Bank (“SEBNA ” or “the Bank ”) a national bank, alleging breach of legal duties, negligence, gross negligence and conscious disregard of the best interests of the holding company, a Florida corporation. The Bank is the wholly owned subsidiary corporation of the holding company. Federal Deposit Insurance Corporation (“FDIC”) was granted leave to intervene to assert sole and…