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MANSOLILLO v. F.D.I.C.

Civ. A. No. 91-0672L.

804 F.Supp. 426 (1992)

Anthony MANSOLILLO, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Liquidating Agent and Receiver of Capitol Bank and Trust Company, Defendant.

United States District Court, D. Rhode Island.

October 22, 1992.

Attorney(s) appearing for the Case

Duncan J. MacCallum, Quincy, Mass., Beverly R. Ouellet, Cranston, R.I., for plaintiff.

Michele A. Theroux, Adler Pollock & Sheehan, Providence, R.I., for defendant.

MEMORANDUM AND ORDER

LAGUEUX, District Judge.

I. INTRODUCTION

In August 1990, Anthony Mansolillo, a Rhode Island resident, purchased some Rhode Island real estate from Capitol Bank and Trust Company ("Capitol"), a Massachusetts bank. Capitol allegedly promised to provide complete acquisition and construction financing for the property. In December 1990, Capitol was declared insolvent, and the Federal Deposit Insurance Corporation ("FDIC") became...

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