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FDIC v. HERSHISER SIGNATURE PROPERTIES

No. 89-CV-72345.

777 F.Supp. 539 (1991)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. HERSHISER SIGNATURE PROPERTIES, et al., Defendants.

United States District Court, E.D. Michigan, S.D.

November 8, 1991.

Attorney(s) appearing for the Case

Lawrence M. Dudek, Miller, Canfield, Paddock and Stone, Detroit, Mich., for plaintiff.

David S. Snyder, Snyder & Handler, Southfield, Mich., I. William Cohen, Lori L. Tobis, Pepper, Hamilton & Scheetz, Detroit, Mich., for defendants.

OPINION AND ORDER

FEIKENS, District Judge.

Before me is plaintiff's motion for summary judgment on Count II of the Complaint. Plaintiff Federal Deposit Insurance Corporation ("FDIC") is the holder of a $10.5 million promissory note assigned to and assumed by defendant Hershiser Signature Properties ("Hershiser Signature Properties") and personally guaranteed by the individually-named defendants. There is no question that: (1) Hershiser Signature Properties...

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