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MONRAD v. F.D.I.C.

No. 93-56221.

62 F.3d 1169 (1995)

Barbara J. MONRAD and Carol Ann Crone, Plaintiffs-Appellees, v. FEDERAL DEPOSIT INSURANCE CORPORATION as Receiver for Independence Bank, Defendant-Appellant.

United States Court of Appeals, Ninth Circuit.

Decided August 7, 1995.

Attorney(s) appearing for the Case

Alfred Klein, Glendale, CA, for plaintiffs-appellees.

Maria B. Valdez, F.D.I.C., Washington, DC, for defendant-appellant.

Before: BROWNING and BEEZER, Circuit Judges, and HAGGERTY, District Judge.

HAGGERTY, District Judge:

In this action, appellees seek damages in the form of severance pay as former employees of the now-defunct Independence Bank from the Federal Deposit Insurance Corporation (FDIC), in its capacity as receiver for the bank. The district court granted appellees' motion for summary judgment and awarded them severance pay, attorney fees, and costs. FDIC appeals, contending that severance pay is not owed because it properly repudiated the contracts...

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