Resolution Trust Corporation, as Receiver of Jasper Federal Savings & Loan Association v. John H. Seale
Court of Appeals for the Fifth Circuit
1Opinion of the Court
PATRICK E. HIGGINBOTHAM, Circuit Judge:
This case concerns whether the Resolution Trust Corporation can sue three former directors of a savings and loan under applicable federal and state statutes of limitations. We must decide whether the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Pub.L. 101-73, 103 Stat. 183 (Aug. 9, 1989), revives claims barred by state statutes of limitations, the applicability of the general federal statute of limitations, and whether in this case the doctrine of “adverse domination” tolls the state statute of limitations.
I
On March 10, 1992, the…
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