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FEDERAL DEPOSIT INS. CORP. v. NANULA

No. 88-3255.

898 F.2d 545 (1990)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, a corporate agency of the United States Government, Plaintiff-Appellee, v. Richard J. NANULA, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 27, 1990.

Attorney(s) appearing for the Case

Scott G. Golinkin, Judi Katz, Fern Bomchill, Mayer, Brown & Platt, Chicago, Ill., Jaclyn C. Taner, Sharon Powers Sivertsen, Federal Deposit Ins. Corp., Washington, D.C., for plaintiff-appellee.

Edward S. Margolis, Keith A. Ligon, Teller, Levit & Silvertrust, Chicago, Ill., for defendant-appellant.

Before COFFEY, RIPPLE, and MANION, Circuit Judges.

COFFEY, Circuit Judge.

Defendant-appellant Richard J. Nanula appeals the district court's grant of summary judgment in favor of the plaintiff-appellee, Federal Deposit Insurance Corporation ("FDIC"). The district court found Nanula liable to the FDIC in the amount of $148,545.19 based on a loan assumption agreement and a limited partnership agreement Nanula executed while a limited partner in the Wellspring Barge Limited Partnership ("WBLP"), which subsequently assigned...

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