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F.D.I.C. v. VEREX ASSUR., INC.

No. 92-4591.

3 F.3d 391 (1993)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Sunrise Savings and Loan Association, a Federal Savings and Loan Association, Plaintiff-Appellant, v. VEREX ASSURANCE, INC., Defendant-Appellee.

United States Court of Appeals, Eleventh Circuit.

October 1, 1993.

Attorney(s) appearing for the Case

Craig P. Kalil, Alan L. Briggs, Squire Sanders & Dempsey, Miami, FL, for plaintiff-appellant.

Gerald B. Wald, Marianne A. Vos, Murai Wald, Biondo & Moreno, P.A., Miami, FL, for defendant-appellee.

Before EDMONDSON and CARNES, Circuit Judges, and HILL, Senior Circuit Judge.

HILL, Senior Circuit Judge:

Appellant Federal Deposit Insurance Corporation ("FDIC") brings this appeal from the district court order granting summary judgment to Appellee Verex Assurance, Inc. ("Verex"). 795 F.Supp. 404. FDIC sought to recover sums allegedly due and owing under two certificates of insurance issued pursuant to a standard mortgage guaranty insurance policy. The district court held Verex was entitled to rescind...

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