FEDERAL DEPOSIT INS. CORP. v. LANGLEY

No. 85-4549.

792 F.2d 541 (1986)

FEDERAL DEPOSIT INSURANCE CORP., Plaintiff-Appellee, v. W.T. LANGLEY and Mary Ann Grimes Langley, Defendants-Appellants. W.T. LANGLEY and Mary Ann Grimes Langley, Plaintiffs-Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

June 25, 1986.


Attorney(s) appearing for the Case

William C. Shockey, McCollister, McCleary, Fazio & Holliday, Baton Rouge, La., for defendants-appellants.

Robert Pass, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, Mark A. Brown, Tampa, Fla., Kantrow, Spaht, Weaver & Blitzer, David S. Rubin, Baton Rouge, La., for plaintiff-appellee.

Before WISDOM, REAVLEY, and JOHNSON, Circuit Judges.


JOHNSON, Circuit Judge:

W.T. and Mary Ann Grimes Langley (the "Langleys") appeal from the district court's summary judgment, pursuant to Fed.R.Civ.P. 54(b), in favor of the Federal Deposit Insurance Corporation ("FDIC"). Holding that the district court correctly applied the statutory safeguards accorded the FDIC, this Court affirms.

I. BACKGROUND

The facts of this case arise out of the Langleys' purchase of a farm (the "Melville Property") in Point...

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