Ticor Title Insurance v. Federal Deposit Insurance

MEMORANDUM OPINION

DeANDA, Chief Judge.

Ticor Title Insurance Company of California (“Ticor”) originally filed this action naming the Federal Deposit Insurance Corporation (“FDIC”) as the sole defendant. Leave was granted to file an amended complaint which added as defendants a number of individuals who served as officers and/or directors of Northwest Bank & Trust (“Northwest”) at the time an assignment agreement was executed between plaintiff and the bank. Plaintiff asserts five claims against the defendants: (1) breach of the assignment contract; (2) breach of fiduciary duty and of the duty…