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KAROL v. RESOLUTION TRUST CORP.

No. 1-93-CV 0293.

839 F.Supp. 14 (1993)

Joseph C. KAROL and Jim Finley, Plaintiffs, v. RESOLUTION TRUST CORPORATION, as Receiver for Spindletop Savings Association, F.A., Defendant.

United States District Court, E.D. Texas, Beaumont Division.

December 2, 1993.

Attorney(s) appearing for the Case

Ed L. Huddleston, Kelley B. Hill, Thomas H. Law, Law Snakard & Gambill, Fort Worth, TX, for plaintiffs.

Peter T. Martin, Karl W. Koen, Herbert Farr, Martin Farr Miller & Grau, Timothy D. Blakeley, Dallas, TX, for defendant.

MEMORANDUM

COBB, District Judge.

The Resolution Trust Corporation (RTC), much to its chagrin, mistakenly accepted a $36,000.00 bid for a $2,500,000.00 apartment complex at an auction held in Dallas, Texas on September 12, 1992. Plaintiffs Karol and Finley appeared at the designated date for closing, but the RTC, having discovered its mistake, refused to convey the apartment complex. On April 23, 1993, the plaintiffs brought suit in the Northern District...

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