Batsakis v. Federal Deposit Ins. Corp.

OPINION

BENJAMIN F. GIBSON, District Judge.

Plaintiffs filed this potential class action in state court against the Federal Deposit Insurance Corporation (“FDIC”) as receiver (“Receiver”) of the failed National Bank and Trust Co. of Traverse City (“NBT”) and against the FDIC in its corporate capacity (“the Corporation”) seeking damages in connection with the alleged mismanagement of the assets of certain trust funds previously administered by NBT. Plaintiffs also seek declaratory relief against Wausau Insurance Companies (“Wausau”) and Employers Insurance of Wausau (“Employers”) as insurers of…