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FRANKLIN ASAPH LTD. PARTNERSHIP v. F.D.I.C.

Civ. A. No. 91-1856.

794 F.Supp. 402 (1992)

FRANKLIN ASAPH LIMITED PARTNERSHIP, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant.

United States District Court, D. of Columbia.

April 30, 1992.

Attorney(s) appearing for the Case

David H. Dickieson, Silverstein and Mullens, Washington, D.C., for plaintiff.

J. Christopher Kohn, Francis M. Toole, Lacy R. Harwell, Jr., Civil Div., U.S. Dept. of Justice, Washington, D.C., for defendant.

MEMORANDUM AND OPINION

REVERCOMB, District Judge.

Plaintiff is a commercial real estate developer that was financed by the National Bank of Washington (NBW); bank regulators declared NBW insolvent and subject to Federal Deposit Insurance Corporation receivership on August 10, 1990. The crux of plaintiff's complaint is that, after lending plaintiff $10.85 Million beginning in 1987 to build an office building in Old Town Alexandria, Virginia, NBW agreed in...

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