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REMINGTON INVESTMENTS, INC. v. DAVIS

287 N.J. Super. 360 (1996)

671 A.2d 158

REMINGTON INVESTMENTS, INC., PLAINTIFF-APPELLANT, v. MICHAEL DAVIS, PHILIP VICARI AND VICARI CONSTRUCTION & DEVELOPMENT, INC., DEFENDANTS-RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Submitted December 21, 1995.

Decided February 14, 1996.

Attorney(s) appearing for the Case

Lyons & Doughty, attorneys for appellant (Hillary Veldhuis, on the brief).

Berger & Bornstein, attorneys for respondents (Paul H. Schafhauser, on the brief).

Before Judges MUIR, Jr., BROCHIN and LOFTUS.

The opinion of the court was delivered by BROCHIN, J.A.D.

Mountain Ridge State Bank was declared insolvent and closed by the State Commissioner of the Department of Banking on October 5, 1990. Pursuant to 12 U.S.C.A. § 1821, the Federal Deposit Insurance Corporation was appointed as liquidating receiver for the bank. See FDIC v. White, 828 F.Supp. 304, 307 (D.N.J. 1993). By an assignment from the FDIC dated...

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