Cherna Goldin and Estate of Nathan I. Goldin v. Federal Deposit Insurance Corporation

KENNEDY, Circuit Judge.

Appellant Federal Deposit Insurance Corporation (“FDIC”) appeals the District Court’s grant of summary judgment in favor of plaintiffs, Cherna Goldin and the Estate of Nathan I. Goldin. The District Court’s order found the FDIC’s limitation of the deposit insurance of Nathan I. Gol-din to be arbitrary and capricious. For the reasons stated below, we REVERSE the decision of the District Court and grant summary judgment in favor of the FDIC.

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Spouses Nathan Goldin 1 and Cherna Gol-din owned public revenue bonds issued by the Residential Housing Facilities Board of Pulaski…