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FEDERAL DEPOSIT INS. CORP. v. MM & S PARTNERS

No. 84 C 9392.

626 F.Supp. 681 (1985)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. MM & S PARTNERS, et al., Defendants.

United States District Court, N.D. Illinois, E.D.

December 6, 1985.

Attorney(s) appearing for the Case

Thomas B. McNeill, Patricia R. McMillen, Mayer Brown Platt, Chicago, Ill., for plaintiff.

John P. Lynch, David F. Pursel, Latham & Watkins, Chicago, Ill., for defendants.

MEMORANDUM OPINION

GRADY, District Judge.

In September 1984, Continental Illinois National Bank & Trust Co. of Chicago ("Continental") conveyed its interest under certain loan documents to the Federal Deposit Insurance Corporation ("FDIC"). The FDIC acquired these documents pursuant to 12 U.S.C. § 1823(c)(1)(A) as part of a plan of assistance to prevent Continental's demise. See Memorandum of Plaintiff...

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