Legal Opinion

CML-NV Grand Day, LLC v. Grand Day, LLC

Nevada Supreme Court

Decided November 15, 2018No. 72350; No. 73206Published

1Opinion of the Court

These are consolidated appeals from a district court judgment in a deficiency action (Docket No. 72350) and an order awarding attorney fees and costs (Docket No. 73206). Eighth Judicial District Court, Clark County; Joseph Hardy, Jr., Judge.

Silver State Bank (SSB) was the payee on promissory notes for two construction/permanent loans made to respondents and secured by deeds of trust on real property and personal guaranties. After SSB went into receivership, the Federal Deposit Insurance Corporation (FDIC) took over servicing the loans and collecting indebtedness due thereunder. The FDIC…

2Cases cited12 opinions

  1. O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
  2. Old Aztec Mine, Inc. v. BrownNevada Supreme Court · 1981
  3. National Union Fire Insurance Company of Pittsburgh, Pa v. City SavingsCourt of Appeals for the Third Circuit · 1994
  4. Weddell v. H2O, INC.Nevada Supreme Court · 2012
  5. Whitney F. SHARPE; Mona E. Sharpe, Plaintiffs-Appellants, v. FDIC, Receiver for Pioneer Bank, Defendant-AppelleeCourt of Appeals for the Ninth Circuit · 1997

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