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GOSNELL v. FEDERAL DEPOSIT INS. CORP.

No. 1426, Docket 91-7129.

938 F.2d 372 (1991)

Thomas H. GOSNELL, Plaintiff-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION; South Street Seaport Museum, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided July 10, 1991.

Attorney(s) appearing for the Case

Eugene VanVoorhis, Rochester (Robert J. Sant, VanVoorhis & VanVoorhis, of counsel), for plaintiff-appellant.

Christopher J. Bellotto, Counsel, Federal Deposit Ins. Corp., Washington, D.C. (Ann S. Duross, Asst. General Counsel, Colleen B. Bombardier, Sr. Counsel, Washington, D.C., Michael E. Ferdman, Hiscock & Barclay, Buffalo, N.Y., of counsel), for defendant-appellee Federal Deposit Ins. Corp.

Stewart Klein, New York City (Ogden N. Lewis, Davis, Polk & Wardwell, of counsel), for defendant-appellee South Street Seaport Museum.

Before OAKES, Chief Judge, WINTER, Circuit Judge, and CONBOY, District Judge.

OAKES, Chief Judge:

This case raises an issue of considerable importance concerning the FDIC's efforts to salvage the nation's troubled banking industry. Specifically, we must decide whether an individual interested in purchasing the assets of a failed financial institution may disrupt the efforts of the Federal Deposit Insurance Corporation ("FDIC") to dispose of those assets by litigating the propriety of the FDIC's actions...

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