Security Investment Co. v. State

Security Investment Company (SIC), assignee of SSS Co., which was formerly an industrial loan and investment company, see Neb. Rev. Stat. §§ 8-401 et seq. (Reissue 1987), appeals from the judgment of the district court for Lancaster County, sustaining the demurrer of the State of Nebraska and Nebraska Department of Banking and Finance and dismissing SIC’s action brought under the State Tort Claims Act, Neb. Rev. Stat. §§ 81-8,209 et seq. (Reissue 1987). The State of Nebraska and Nebraska Department of Banking and Finance are collectively called “Department.”

SIC claims that damages were…