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F.D.I.C. v. LONGLEY I REALTY TRUST

No. 92-1770.

988 F.2d 270 (1993)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, Appellee, v. LONGLEY I REALTY TRUST, et al., Defendants, Appellees, Angeline A. Kopka, et al., Defendants, Appellants.

United States Court of Appeals, First Circuit.

Decided March 10, 1993.

Attorney(s) appearing for the Case

William E. Aivalikles, Nashua, NH, for appellants.

E. Whitney Drake, Sp. Counsel, with whom Ann S. DuRoss, Asst. Gen. Counsel, and Richard J. Osterman, Jr., Washington, DC, Sr. Counsel, F.D.I.C., were on brief for appellee F.D.I.C.

Before TORRUELLA, Circuit Judge, COFFIN, Senior Circuit Judge, and CYR, Circuit Judge.

TORRUELLA, Circuit Judge.

The Federal Deposit Insurance Corporation ("FDIC"), as receiver of First Service Bank ("Bank"), sued appellants, Angeline Kopka and David Beach, to collect on promissory notes made out to the Bank. Appellants responded that they did not owe the FDIC the amount promised in the notes because they had entered settlement agreements over these notes with the Bank before the FDIC took over as receiver. The district court granted summary judgment...

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