Allison v. Federal Deposit Insurance

RULING ON MOTIONS

JOHN V. PARKER, Chief Judge.

This matter is before the court on cross motions for summary judgment filed by the FDIC, by Alyson Ann Allison, by James N. Allison, III, and Melissa C. Allison. There is no need for oral argument. Jurisdiction is allegedly based upon 28 U.S.C. § 1331.

The salient issue raised by the motions is whether certain annuities and life insurance policies purchased by the Allisons are exempt from seizure by the FDIC, a judgment creditor. It is undisputed that the United States District Court for the Northern District of Texas granted summary judgment in…