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FEDERAL SAV. & LOAN INS. CORP. v. GORDY

No. 90-7367.

928 F.2d 1558 (1991)

The FEDERAL SAVINGS & LOAN INSURANCE CORP., as Receiver for Vernon Savings and Loan Association, FSA, Plaintiff-Appellee, v. William J. GORDY; Mamie K. Kovac, Defendants-Appellants, Robert D. Word, Jr.; Elizabeth Payne Word, Defendants.

United States Court of Appeals, Eleventh Circuit.

April 25, 1991.

Attorney(s) appearing for the Case

M. Roland Nachman, Jr., John S. Bowman, Robin G. Laurie, Balch & Bingham, Montgomery, Ala., for defendants-appellants.

Warren B. Lightfoot, Mac M. Moorer, William H. King, III, Lightfoot, Franklin, White & Lucas, Birmingham, Ala., Paul E. Ridley, Peter F. Lovato, III, John P. Greenan, Hopkins & Sutter, Dallas, Tex., James Scott Watson, Federal Deposit Ins. Corp., Appellate Litigation, Legal Div., Washington, D.C., for plaintiff-appellee.

Before KRAVITCH and ANDERSON, Circuit Judges, and ATKINS, Senior District Judge.

ATKINS, Senior District Judge:

Appellants William J. Gordy and Mamie L. Kovac appeal from a summary judgment by the District Court for the Northern District of Alabama in favor of appellee, The Federal Deposit Insurance Corporation ("FDIC").1 The district court based its ruling on a body of federal common law known as the D'Oench doctrine, which protects FDIC and The Federal Savings & Loan Insurance Corporation ("FSLIC") from...

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