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WATERVIEW MANAGEMENT CO. v. F.D.I.C.

No. 96-5110.

105 F.3d 696 (1997)

WATERVIEW MANAGEMENT COMPANY, et al., Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Appellee.

United States Court of Appeals, District of Columbia Circuit.

Decided January 31, 1997.

Attorney(s) appearing for the Case

James T. Lewis, argued the cause and filed the briefs, for appellants.

Thomas C. Bahlo, Counsel, Federal Deposit Insurance Corporation, argued the cause for appellee, with whom Ann S. DuRoss, Assistant General Counsel, and Colleen B. Bombardier, Senior Counsel, were on the brief. Jeffrey P. Bloom, Washington, DC, entered an appearance.

Before: EDWARDS, Chief Judge, GINSBURG and RANDOLPH, Circuit Judges.

HARRY T. EDWARDS, Chief Judge:

This case concerns, inter alia, the status of a purchase option and marketing agreement for a tract of land when the Resolution Trust Corporation ("RTC") is acting as conservator or receiver for the financial institution that signed the agreement. The agreement at issue, between PortAmerica Associates and HomeFed Bank ("HomeFed"), gave Waterview Management Company ("Waterview") an exclusive option to market and purchase the "HomeFed...

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