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FDIC v. BRITISH-AMERICAN CORP.

No. 89-303-CIV-5.

744 F.Supp. 116 (1990)

FEDERAL DEPOSIT INSURANCE CORPORATION, Receiver of Western National Bank of Lovell, Wyoming, and Gerald L. Bass, Receiver pendente lite of Fort Lincoln Life Insurance Company and Fort Lincoln Assurance Company, Plaintiffs, v. BRITISH-AMERICAN CORPORATION, (a North Carolina corporation, the surviving corporation of the merger of British-American International Corporation, a Florida corporation, and British-American Corporation, a North Carolina corporation); British American Insurance Company, Ltd. (a corporation of the Commonwealth of the Bahamas), Defendants.

United States District Court, E.D. North Carolina, Raleigh Division.

Certification Denied August 9, 1990.

Attorney(s) appearing for the Case

Gordon Eugene Boyce, Raleigh, N.C., for plaintiffs.

John Turner Williamson, Raleigh, N.C., for defendants.

ORDER

BRITT, Chief Judge.

This matter is before the court upon plaintiffs' motion for partial summary judgment. Following the hearing, the court has reviewed the materials before it and determines the motion should be treated as a motion to strike insufficient defenses and allowed.

I.

Plaintiffs instituted this action seeking $2,960,000.00 plus interest for the alleged fraudulent conveyance of the Fiji subsidiary of defendant British American...

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