Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Jerry D. Wheat, Ben D. Sudderth

JOHN R. BROWN, Circuit Judge:

This case involves a bank director sued by the FDIC/Corporate 1 for negligence, breach of fiduciary duty, and breach of contract. After a jury verdict against Appellant on one loan, and the district court’s subsequent denial of his motions for new trial and judgment notwithstanding the verdict, the bank director appeals to this court.

Alleging the statute of limitations expired before the FDIC filed suit, and the absence of any duty to the bank at the time the loan was made, Appellant seeks reversal of the jury verdict with a judgment that the FDIC take nothing. In…