CARLYLE TOWERS CONDOMINIUM ASS'N, INC. v. F.D.I.C.

No. 96-CV-2462 (FB).

982 F.Supp. 181 (1997)

CARLYLE TOWERS CONDOMINIUM ASSOCIATION, INC., Vincent Rigolosi, Chryss Chryssanthou, Richard Linde, and Marsha Squires, Individually and as representative of the class of persons owning units at the Carlyle Towers Condominium, Plaintiffs, v. The FEDERAL DEPOSIT INSURANCE CORPORATION, in its capacity as receiver for Crossland Savings, FSB, Defendant.

United States District Court. E.D. New York.

October 30, 1997.


Attorney(s) appearing for the Case

William D. Grand, Greenbaum, Rowe, Smith, Ravin, Davis & Himmel, Woodbridge, NJ, for Plaintiffs.

Marguerite Sagatelian, Managing Attorney, FDIC Legal Services Office, by Saliann Scarpulla, New York, NY, for Defendant.


MEMORANDUM & ORDER

BLOCK, District Judge.

Plaintiffs bring suit against the Federal Deposit Insurance Corporation ("FDIC") in its capacity as the receiver for Crossland Savings Bank, FSB ("Crossland"), which was closed by the United States Office of Thrift Supervision ("OTS") on January 24, 1992. Plaintiffs seek to hold the FDIC liable, pursuant to the Financial Institution Reform, Recovery, and Enforcement Act of 1989 ("FIRREA"), Pub.L. No. 101...

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