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CASTLEBERRY v. GOLDOME CREDIT CORP.

No. CIV.A. 96-T-1798-N.

978 F.Supp. 1460 (1997)

William CASTLEBERRY, et al., Plaintiffs, v. GOLDOME CREDIT CORPORATION, et al., Defendants.

United States District Court, M.D. Alabama, Northern Division.

September 3, 1997.

Attorney(s) appearing for the Case

George C. Douglas, Jr., Birmingham, AL, John K. Johnson, Rockford, AL, Michael J. Evans, Birmingham, AL, B. Clark Carpenter, Jr., Wooten, Thornton, Carpenter, O'Brien, Lazenby & Lawrence, Talladega, AL, William E. Hollingsworth, III, Wood, Hollingsworth & Willis, Talladega, AL, for William Castleberry and Gladdean Castleberry.

Frank S. Teel, Teel & Teel, P.C., Rockford, AL, Thomas E. Walker, Anne P. Wheeler, Robert S. Vance, Jr., Johnston, Barton, Proctor & Powell, Birmingham, AL, for Goldome Credit Corp.

Frank S. Teel, Teel & Teel, P.C., Rockford, AL, Robert A. Huffaker, Rushton, Stakely, Johnston & Garrett, Montgomery, AL, Thomas E. Walker, Anne P. Wheeler, Johnston, Barton, Proctor & Powell, Birmingham, AL, William H. Hardie, Johnstone, Adams, Bailey, Gordon & Harris, Mobile, AL, for Daiwa Finance Corp.

Frank S. Teel, Teel & Teel, P.C., Rockford, AL, Thomas E. Walker, Anne P. Wheeler, Johnston, Barton, Proctor & Powell, Birmingham, AL, for Daiwa Mortg. Acceptance Corp.

Thomas E. Walker, Anne P. Wheeler, Johnston, Barton, Proctor & Powell, Birmingham, AL, Helen Johnson Alford, Carr, Alford, Clausen & McDonald, LLC, Mobile, AL, R. Scott Clark, Fitzpatrick, Cooper & Clark, Birmingham, AL, for Daiwa America Corp.

Frank S. Teel, Teel & Teel, P.C., Rockford, AL, Thomas E. Walker, Anne P. Wheeler, Johnston, Barton, Proctor & Powell, Birmingham, AL, R. Scott Clark, Fitzpatrick, Cooper & Clark, Birmingham, AL, for Daiwa Securities America Inc.

Caine O'Rear, III, Lisa Tinsley O'Hara, Hand Arendall, L.L.C., Mobile, AL, Donald W. Lang, Sylacauga, Al, for Ryland Mortg. Co.

Thomas E. Walker, Anne P. Wheeler, Johnston, Barton, Proctor & Powell, Birmingham, AL, Helen Johnson Alford, Carr, Alford, Clausen & McDonald, LLC, Mobile, AL, R. Scott Clark, Fitzpatrick, Cooper & Clark, Birmingham, AL, for State Street Bank and Trust Co.

Douglas P. Corretti, Mary Douglas Hawkins, Corretti & Newsom, Birmingham, AL, for Advanta Mortg. Corp. USA.

John J. Graubard, East Hartford, CT, for F.D.I.C.

ORDER

MYRON H. THOMPSON, Chief Judge.

This lawsuit is now before the court on plaintiffs William and Gladdean Castleberry's motion to sever the cross-claim against defendants FDIC-Corporate and FDIC-Receiver and remand the "main" portion of the lawsuit, which does not involve the crossclaim, back to state court.

I. FACTUAL BACKGROUND

The relevant events from a chronological standpoint...

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