CELTIC DEVELOPMENT CORP. v. F.D.I.C.

Civ. A. No. 92-10607-GN.

836 F.Supp. 926 (1993)

CELTIC DEVELOPMENT CORPORATION, Celtic Equipment Company, Inc., Celtic Concrete Form Company, Inc., Kenneth S. Racicot and Thomas D. Racicot, Trustees of Pavilion Realty Trust, Plaintiffs and Defendants in Counterclaim, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Merchants National Bank of Leominster, Defendant, Plaintiff in Counterclaim and Third Party Plaintiff, Lynn L. MESSIER and Robert P. Gallo, Defendants, v. Kenneth S. RACICOT, Individually, Russell W. Racicot, Individually, Thomas D. Racicot, Individually, Celtic International, Ltd., Celtic Construction Company, Inc., Celtic Realty, Inc., Kenneth S. Racicot and Thomas D. Racicot, Trustees of Racicot Realty Trust, Third Party Defendants.

United States District Court, D. Massachusetts.

November 12, 1993.


Attorney(s) appearing for the Case

Bernard P. Rome, Rome, George & Klein, Boston, MA, for Celtic Equipment Co. et al. and Kenneth M. Russell and Thomas Racicot.

Bill N. Jacob, James F. Coffey, Boroff & Associates, Robert J. Hoffer, Barron & Stadfeld, Boston, MA, for F.D.I.C.

Leonard F. De Paola, Kleinfeld & De Paola, Boston, MA, for Lynn S. Messier.


GORTON, District Judge.

Report and recommendation accepted and adopted.

REPORT AND RECOMMENDATION RE: FEDERAL DEPOSIT INSURANCE CORPORATION, AS RECEIVER FOR MERCHANTS NATIONAL BANK'S (sic), MOTION FOR SUMMARY JUDGMENT (DOCKET ENTRY # 15)

October 13, 1993.

BOWLER, United States Magistrate Judge.

On June 30, 1993, the Federal Deposit Insurance Corporation ("FDIC"), receiver for Merchants National Bank of Leominster and defendant...

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