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FEDERAL DEPOSIT INS. CORP. v. LATTIMORE LAND CORP.

No. 80-7635.

656 F.2d 139 (1981)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Liquidator for the Hamilton National Bank of Chattanooga, Plaintiff-Appellee, v. LATTIMORE LAND CORPORATION, et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit. Unit B.

September 14, 1981.

Attorney(s) appearing for the Case

Ronald E. Ginsberg, Erwin A. Friedman, Savannah, Ga., for defendants-appellants.

Leamon R. Holliday, Savannah, Ga., Frank L. Skillern, Jr., Gen. Counsel, Fed. Deposit Ins. Corp., Albert J. Tumpson, Myers N. Fisher, Asst. Gen. Counsel, Washington, D. C., for plaintiff-appellee.

Before TUTTLE, HILL and THOMAS A. CLARK, Circuit Judges.

TUTTLE, Circuit Judge:

Collecting on the notes it holds appears to be an occasionally difficult task for the Federal Deposit Insurance Corporation (FDIC). In this action on a note, the FDIC is faced with familiar claims and defenses by obligors who have long been delinquent in their payments on the note. The district court disallowed most of those claims and defenses and granted the FDIC's motion for summary judgment on the liability on the note. The resulting appeal...

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