Weichsel Farm, L.P. v. JP Morgan Chase Bank, N.A.

PATRICK E. HIGGINBOTHAM, Circuit Judge:

Washington Mutual Bank failed in 2008. Acting as receiver, the FDIC conveyed substantially all of WaMu’s assets and liabilities to JPMorgan Chase, including certain long-term real-estate leases. At issue in this case is whether the owners of the leased tracts can enforce the leases against Chase by virtue of the FDIC’s conveyance. The district court awarded summary judgment to the landlords. We affirm.

I

The facts of this case are straightforward and undisputed. In early 2008, Washington Mutual Bank (“WaMu”) entered into lease agreements (“the Leases”)…