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FEDERAL SAV. AND LOAN INS. CORP. v. BONFANTI

No. 87-3012.

826 F.2d 1391 (1987)

The FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION As Receiver of Sun Belt Federal Bank, F.S.B., Plaintiff-Appellant, v. George M. BONFANTI, Gerald E. Fackrell, Jr., et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

May 8, 1987.

Attorney(s) appearing for the Case

Gene W. Lafitte, William R. Pitts, Anne E. Tate, James D. McMichael, New Orleans, La., Frederick R. Tulley, Baton Rouge, La., Anne Buxton Sobol, Associate Gen. Counsel, Washington, D.C., for plaintiff-appellant.

Robert V. McAnelly, Baton Rouge, La., for defendants-appellees.

Before GOLDBERG, POLITZ, and HILL, Circuit Judges.

ROBERT MADDEN HILL, Circuit Judge:

The Federal Savings and Loan Insurance Corporation (FSLIC), acting as receiver for Sun Belt Federal Bank, F.S.B. (Sun Belt), appeals the district court's order requiring it to carry out pre-receivership settlement agreement between Sun Belt and several other parties. For the reasons given below, we reverse and remand with instructions to dismiss for lack of subject matter jurisdiction.

I.

In 1984 Sun Belt made substantial...

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