FEDERAL DEPOSIT INS. CORP. v. MOORE

Civ. A. No. 76-835.

448 F.Supp. 493 (1978)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. William H. MOORE, Jr., Defendant.

United States District Court, D. South Carolina, Columbia Division.

February 28, 1978.


Attorney(s) appearing for the Case

J. Randolph Pelzer, North Charleston, S. C., for plaintiff.

Thomas A. Player, Neely & Player, Atlanta, Ga., Steven M. Anastasion, Callison, Tighe, Nauful & Rush, Columbia, S. C., for defendant.


ORDER

CHAPMAN, District Judge.

After the American Bank and Trust (AB&T) was closed by the South Carolina State Board of Bank Control in 1974, the plaintiff, Federal Deposit Insurance Corporation (FDIC) was appointed by the Board to act as receiver for the bank. As receiver the FDIC proceeded to liquidate the bank and, as part of the liquidation, it sold a number of assets including some negotiable instruments to itself. Subsequently, FDIC instituted...

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