FEDERAL DEPOSIT INS. CORP. v. LAUTERBACH

Nos. 79-2286 to 79-2288.

626 F.2d 1327 (1980)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. Henry S. LAUTERBACH, John Debelak and Nicholas Lesselyoung, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided July 17, 1980.

Rehearing Denied August 14, 1980.

Rehearing Denied September 15, 1980.


Attorney(s) appearing for the Case

Matthew J. Flynn, Quarles & Brady, Milwaukee, Wis., for defendants-appellants.

Gregory G. Wille and John W. Hein, Gibbs, Roper, Loots & Williams, Milwaukee, Wis., for plaintiff-appellee.

Before PELL and SPRECHER, Circuit Judges, and MARKEY, Chief Judge.


Rehearing En Banc Denied September 15, 1980.

SPRECHER, Circuit Judge.

This is an appeal from the district court's granting of summary judgment in favor of plaintiff, Federal Deposit Insurance Corporation (FDIC).1 The defendants contend that the district court erred in its interpretation of the relevant statute, 12 U.S.C. § 1823(e), and that genuine issues of material fact precluded summary judgment. We find defendants' arguments...

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