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FDIC v. BRITISH-AMERICAN CORP.

No. 89-303-CIV-5-BR.

726 F.Supp. 622 (1989)

FEDERAL DEPOSIT INSURANCE CORPORATION, et al., Plaintiffs, v. BRITISH-AMERICAN CORPORATION, et al., Defendants.

United States District Court, E.D. North Carolina, Raleigh Division.

September 22, 1989.

Attorney(s) appearing for the Case

Womble, Carlyle, Sandridge & Rice, G. Eugene Boyce, Laura V. Leak, Donald L. Smith, and Gerald L. Bass, Bass, Powell & Bryant, Raleigh, N.C., E. Whitney Drake, Sp. Counsel, FDIC, Washington, D.C., for plaintiffs. Maupin, Taylor, Ellis & Adams, John T. Williamson and Sharon L. Hartman, Raleigh, N.C., for defendants.

ORDER

BRITT, Chief Judge.

On 2 August 1989, upon motion of plaintiffs, the court entered an order directing defendants to appear and show cause why certain assets in their control should not be declared fraudulently acquired and why plaintiffs are not entitled to injunctive relief. Defendant British-American Corporation (BAC) has filed a motion to dismiss for failure to state a claim upon which relief can be granted, and defendant British-American Insurance...

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