Resolution Trust Corp. v. Bright

FITZWATER, District Judge:

When an agency of the United States becomes the conservator of a failed financial institution and sues directors and officers for causing damage to the institution, the agency must occasionally rely on tolling doctrines to avoid limitations periods that expired before its appointment as conservator. The limitations periods and, in turn, the tolling doctrines are typically governed by state law, thus obligating federal courts to comprehend and apply jurisprudence developed by other courts in other contexts. The questions presented are important ones. Potentially…