Bascom Construction Inc. v. Federal Deposit Insurance

ORDER

DEVINE, Chief Judge.

This action involving the Federal Deposit Insurance Corporation (FDIC) is but one example of the difficulties courts have had in grappling with the complex, and occasionally inconsistent, provisions of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA). See, e.g., Marquis v. FDIC, 779 F.Supp. 6, 8 (D.N.H. 1991) (and cases therein cited).

FIRREA provides that all civil actions involving FDIC “shall be deemed to arise under the laws of the United States,” 12 U.S.C. § 1819(b)(2)(A), and, subject to narrow exceptions, that such actions may be removed…