Bruneau v. Federal Deposit Insurance

In this appeal from the district court’s grant of summary judgment in favor of Defendant-Appellee Federal Deposit Insurance Corporation (FDIC), Plaintiff-Appellant Jacqueline B. Bruneau asserts that the district court misapplied the law of constructive trust, the holding in Downriver Community Federal Credit Union v. Penn Square Bank,1 and the D’Oench, Duhme doctrine.2 As we find the district court’s decision to be free of reversible error, we affirm.

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FACTS AND PROCEDURAL HISTORY

In early December 1988, Bruneau opened three accounts at Bankers Trust of Louisi*177ana (Bankers Trust) and made…