Robert H. YOUNG; EDX Holdings, Incorporated, Plaintiffs-Appellants,
v.
FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Hilton Head Bank & Trust Company, N.A.; First Pacific Corporation; Swiss-American Fidelity Insurance Company And Guarantee, Limited; Attilio Franciulli; John Roche; Tom Ruhf; George Strickland; Price Waterhouse, Chartered Accountants, a Bahamian Partnership; Lee S. Piper; Herbert C. Schulken, Jr.; Dennis J. Goginsky, and other possible partners of Price Waterhouse LLP, such as are residents of South Carolina, Defendants-Appellees,
and
Bruce Benn; Corporation House, Limited; Raymond Jones; William Ruth; Alfred Martin; General Bennett; Tom Whelan; Claude Surface; Con Fecher; Ed Hughes; Helen Cork; William Eaxley; Ann Grosshuesch; Cathy McGill, other possible officers and directors of Hilton Head Bank and Trust Company, N.A., after July 1988, not yet ascertained; Hilton Head Bank & Trust Company, N.A.; Tony Habib, Defendants.
United States Court of Appeals, Fourth Circuit.https://leagle.com/images/logo.png
Argued September 25, 1996.
Decided January 10, 1997.
Attorney(s) appearing for the Case
ARGUED: George Hunter McMaster, Columbia, SC, for Appellants. Jerome Anthony Madden, Federal Deposit Insurance Corporation, Washington, DC; Andrew John Pincus, Mayer, Brown & Platt, Washington, DC; Thornwell Forrest Sowell, III, Sowell, Todd, Laffitte, Beard & Watson, L.L.C., Columbia, SC; Brett Alan Feinstein, Miami Beach, FL, for Appellees. ON BRIEF: Ann S. DuRoss, Assistant General Counsel, Colleen B. Bombardier, Senior Counsel, Maria Beatrice Valdez, Kathy R. Bess, Federal Deposit Insurance Corporation, Washington, DC; C. Allen Gibson, Jr., Catherine Pulley Ballard, Christine E.W. Edenfield, Buist, Moore, Smythe & McGee, P.A., Charleston, SC, for Appellee FDIC. G. Dana Sinkler, Elizabeth T. Thomas, Warren & Sinkler, L.L.P., Charleston, SC, for Appellees Ruhf and Strickland. J. Calhoun Watson, Suzanne C. Massey, Nelson, Mullins, Riley & Scarborough, L.L.P., Columbia, SC; Andrew Plunkett, Office of General Counsel, Price Waterhouse, L.L.P., New York City, for Appellees Price Waterhouse and Partners.
Before MURNAGHAN and HAMILTON, Circuit Judges, and MERHIGE, Senior United States District Judge for the Eastern District of Virginia, sitting by designation.
United States Court of Appeals, Fourth Circuit.
Affirmed by published opinion. Judge MURNAGHAN wrote the opinion, in which Judge HAMILTON and Senior Judge MERHIGE joined.
OPINION
MURNAGHAN, Circuit Judge:
Plaintiff-Appellant Robert Young attempted to raise $600 million to finance gas and oil investments. When the proposed financing failed, Young sued those involved in the financing arrangement. The district court dismissed the claims against some of the Appellees and granted summary judgment to...
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