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DIERCKS v. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION

No. 75-1512.

528 F.2d 916 (1976)

Howard DIERCKS, Plaintiff-Appellant, v. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided January 22, 1976.

Attorney(s) appearing for the Case

Daniel K. Sinclair, Island Lake, Ill., for plaintiff-appellant.

John F. McCarthy, David J. Shipman, Chicago, Ill., for defendant-appellee.

Before CASTLE, Senior Circuit Judge, and CUMMINGS and SPRECHER, Circuit Judges.

PER CURIAM.

This appeal questions whether a disappointed bidder for property sold by the Federal Savings and Loan Insurance Corporation in its corporate capacity can challenge the sale. Diercks, the plaintiff below, entered a bid which would have required the FSLIC to pay a five percent broker's commission. When the five percent commission was netted out from Diercks' total bid, his bid was $3.00 lower than the winning bid which required no such commission. Diercks...

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