Federal Deposit Insurance v. SLE, Inc.

This case involves an appeal from the district court’s order denying Appellants’ Federal Rule of Civil Procedure 60(b)(4) motion to vacate. We AFFIRM.

I

In October 1995, the Federal Deposit Insurance Corporation (“FDIC”) filed a complaint against S.L.E., Inc., Future Revenues, Inc., and Roger J. LeBlanc (collectively, “Appellants”) for sums due under various promissory notes. In February 1996, Appellants entered into a Stipulated Judgment in favor of the FDIC and against Appellants. The Stipulated Judgment recognized the FDIC as the holder in due course of five promissory notes in original…