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URBANIZADORA VILLALBA, INC. v. BANCO Y AGENCIA DE FINANCIAMIENTO DE LA VIVIENDA DE PUERTO RICO

No. 87-1437.

845 F.2d 1 (1988)

URBANIZADORA VILLALBA, INC., et al., Plaintiffs, Appellees, v. BANCO Y AGENCIA DE FINANCIAMIENTO DE LA VIVIENDA DE PUERTO RICO, Defendant, Third-Party Plaintiff, Appellant. Federal Deposit Insurance Corporation, Third-Party Defendant, Appellee.

United States Court of Appeals, First Circuit.

Decided April 21, 1988.

Attorney(s) appearing for the Case

Marta Quinones Zambrana with whom Roberto O. Maldonado Nieves and Cancio, Nadal & Rivera, Hato Rey, P.R., were on brief for defendant, third-party plaintiff, appellant.

Gabriel Hernandez Rivera with whom Feldstein, Gelpi, Hernandez & Gotay, Old San Juan, P.R., Thomas A. Rose, Deputy Gen. Counsel, Washington, D.C., Rae Schupack, Regional Counsel, New York City, and John David Ferrer, Counsel, Santurce, P.R., were on brief for third-party defendant, appellee.

Before COFFIN, BOWNES and TORRUELLA, Circuit Judges.

TORRUELLA, Circuit Judge.

The Banco y Agencia de Financiamiento de la Vivienda de Puerto Rico ("Housing Bank" or "Bank") appeals from the district court's dismissal of its third party complaint against the Federal Deposit Insurance Corporation (FDIC). We affirm the district court's judgment of dismissal.

The Housing Bank was originally sued by the Urbanizadora Villalba in the courts of Puerto Rico. The complaint alleged breach of contract and negligence in...

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