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BATSAKIS v. FEDERAL DEPOSIT INS. CORP.

No. G86-272 CA7.

670 F.Supp. 749 (1987)

Peter G. BATSAKIS, et al., Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al., Defendants.

United States District Court, W.D. Michigan, S.D.

September 1, 1987.

Attorney(s) appearing for the Case

Blakeslee & Chambers by John R. Blakeslee, Traverse City, Mich., for plaintiff Peter G. Batsakis.

Hubbell & Hubbell by Stuart D. Hubbell, Traverse City, Mich., and Dykema, Gossett, Spencer, Goodnow & Trigg by J. Bruce Donaldson, Bloomfield Hills, Mich., for plaintiffs Carroll and Robert Collins.

Larry C. Willey, Grand Rapids, Mich., and Novack & Macey by Stephen Novack, Eric N. Macey, Norman G. Plotkin, Chicago, Ill., for defendant FDIC.

Foster, Swift, Collins & Coey by James Lozier, Philip T. Savich, Lansing, Mich., for defendant Wausau Ins. Co.

OPINION

BENJAMIN F. GIBSON, District Judge.

Plaintiffs filed this potential class action in state court against the Federal Deposit Insurance Corporation ("FDIC") as receiver ("Receiver") of the failed National Bank and Trust Co. of Traverse City ("NBT") and against the FDIC in its corporate capacity ("the Corporation") seeking damages in connection with the alleged mismanagement of the assets of certain trust funds previously administered by NBT...

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