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CITIBANK (SOUTH DAKOTA), N.A. v. F.D.I.C.

Civ. A. No. 92-0162.

827 F.Supp. 789 (1993)

CITIBANK (SOUTH DAKOTA), N.A., Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION in its own capacity and as Receiver for Bank of New England, N.A., The Connecticut Bank and Trust Company, N.A., and Maine National Bank, Defendants.

United States District Court, District of Columbia.

April 14, 1993.

Attorney(s) appearing for the Case

John A. Buchman, Alston & Bird, Washington, DC, for plaintiff.

Lloyd H. Randolph, White & Case, J. Christopher Kohn, U.S. D.O.J., Commercial Branch, Washington, DC, for defendants.

MEMORANDUM OPINION

THOMAS F. HOGAN, District Judge.

On March 26, 1993, this Court conducted a hearing to consider whether, as a matter of law, the Financial Institutions Reform and Recovery Act ("FIRREA") protects the Federal Deposit Insurance Corporation ("FDIC") from liability for damages caused by repudiation of a non-compete provision.1 Based on the arguments and authorities presented by the parties in their briefs and during...

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