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ADAMS v. RESOLUTION TRUST CORP.

Nos. 90-5123, 90-5124.

927 F.2d 348 (1991)

Stephen ADAMS, Appellant, v. RESOLUTION TRUST CORPORATION as Receiver for Midwest Federal Savings and Loan Association; Harold W. Greenwood, Jr.; Donald Snede; and John Does 1-10, Appellees. Stephen ADAMS, Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) as manager of the FSLIC Resolution Fund, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided February 28, 1991.

Attorney(s) appearing for the Case

Timothy Kelly, Minneapolis, Minn., for appellant.

Richard J. Osterman and Dina L. Biblin, Washington, D.C., for appellee.

Before McMILLIAN, Circuit Judge, BRIGHT, Senior Circuit Judge and BOWMAN, Circuit Judge.

BRIGHT, Senior Circuit Judge.

Stephen Adams (Adams) appeals the district court's1 grant of summary judgment2 to the Resolution Trust Corporation (RTC) in this action for rescission of a subordinated debt securities agreement which Adams executed in conjunction with his purchase of $2.5 million in subordinated debt securities from now insolvent Midwest Federal Savings...

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