Federal Deposit Ins. Corp. v. Jennings

ORDER

LEE R. WEST, District Judge.

Background

The Federal Deposit Insurance Corporation, as Receiver for Penn Square Bank, on behalf of the Bank’s depositors and shareholders, has filed suit against the Bank’s officers, directors and independent auditors. As to the auditors, Peat, Marwick, Mitchell & Co. (“Peat”), the Receiver alleged negligence, malpractice, and breach of common law duties and professional standards. Peat responded by filing a third-party action against the FDIC, in its corporate capacity, and the Office of the Comptroller of Currency (“OCC”), alleging that the Comptroller’s…