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VASAPOLLI v. ROSTOFF

No. 94-1319.

39 F.3d 27 (1994)

John VASAPOLLI, et al., Plaintiffs, Appellants, v. Steven M. ROSTOFF, et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided November 8, 1994.

Attorney(s) appearing for the Case

Chester A. Janiak, with whom Andrew P. Botti and Burns & Levinson, Boston, MA, were on brief, for appellants.

Christopher J. Bellotto, Counsel, with whom Ann S. Duross, Asst. General Counsel, Robert D. McGillicuddy, Senior Counsel, Washington, DC, A. Van C. Lanckton, Laurie A. Parrott, and Craig and Macauley Professional Corp., Boston, MA, were on brief, for appellee F.D.I.C.

Before SELYA, Circuit Judge, COFFIN, Senior Circuit Judge and STAHL, Circuit Judge.

SELYA, Circuit Judge.

It is trite, but true, that not every wrong has a remedy—much less a remedy wholly satisfactory to the purported victims. This litigation illustrates the point in the context of an appeal matching the plaintiffs, a group of borrowers who complain that they were swindled, against the Federal Deposit Insurance Corporation (FDIC), in its capacity as liquidating agent for the now defunct Bank for Savings (the Bank). Specifically, plaintiffs...

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