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TOCCI CORP. v. YANKEE BANK FOR FINANCE AND SAV.

Civ. A. No. 87-3121-K.

690 F.Supp. 1127 (1988)

TOCCI CORPORATION, Plaintiff, v. YANKEE BANK FOR FINANCE AND SAVINGS, FSB (now the FDIC in its Capacity as Receiver), Defendant.

United States District Court, D. Massachusetts.

May 25, 1988.

Attorney(s) appearing for the Case

Anthony E. Battelle, Robert V. Lizza, Sherburne, Powers & Needham, Boston, Mass., for plaintiffs.

Cornelius J. Moynihan, Jr., Robert A. Whitney, Peabody & Brown, Boston, Mass., for Yankee Bank For Finance And Savings.

MEMORANDUM AND ORDER

KEETON, District Judge.

In November 1986, plaintiff Tocci Corporation ("Tocci") brought suit in Middlesex Superior Court against Yankee Bank for Finance and Savings ("Yankee Bank") in order to enforce a mechanic's lien under Mass.Gen. Laws c. 254. In October 1987, the Federal Home Loan Bank Board ("FHLBB" or "the Board") determined Yankee Bank to be insolvent and appointed the Federal Deposit Insurance Corporation ("FDIC") as receiver...

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