OPS SHOPPING CENTER, INC. v. F.D.I.C.

No. 92-2297.

992 F.2d 306 (1993)

OPS SHOPPING CENTER, INC., Plaintiff-Appellant, v. FEDERAL DEPOSIT INS. CORP., Defendant-Appellee.

United States Court of Appeals, Eleventh Circuit.

May 28, 1993.


Attorney(s) appearing for the Case

David L. Fleming, Gulf Breeze, FL, for plaintiff-appellant.

J. Scott Watson, FDIC, Washington, DC, for defendant-appellee.

Before KRAVITCH and ANDERSON, Circuit Judges, and HILL, Senior Circuit Judge.


ANDERSON, Circuit Judge:

OPS Shopping Center (OPS) appeals from the district court's entry of summary judgment in favor of the Federal Deposit Insurance Corporation (FDIC). OPS sued the FDIC as receiver of the American Bank, in an effort to collect on a $100,000 letter of credit that the bank had issued to Fred and Vasila Konstand.1 The district court granted the FDIC's motion for summary judgment, holding that OPS's claim was barred by...

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