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AUCTION CO. OF AMERICA v. F.D.I.C.

No. 96-5343.

132 F.3d 746 (1997)

AUCTION COMPANY OF AMERICA, Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Manager of the FSLIC Resolution Trust Fund, Appellee.

United States Court of Appeals, District of Columbia Circuit.

Decided December 19, 1997.

Attorney(s) appearing for the Case

Alan M. Grayson, McLean, VA, argued the cause and filed the briefs for appellant.

J. Scott Watson, Counsel, Federal Deposit Insurance Corporation, argued the cause for appellee. With him on the brief were Ann S. DuRoss, Assistant General Counsel, Federal Deposit Insurance Corporation, Robert D. McGillicuddy, Senior Counsel, Roberta H. Clark, Counsel, Federal Deposit Insurance Corporation, and Robert P. Fletcher, Washington, DC.

Before: WALD, WILLIAMS and ROGERS, Circuit Judges.

Opinion for the Court filed by Circuit Judge STEPHEN F. WILLIAMS.

STEPHEN F. WILLIAMS, Circuit Judge:

Auction Company of America ("Auction Company") seeks damages for breach of contract from the Federal Deposit Insurance Company ("FDIC") as statutory successor to the Resolution Trust Corporation ("RTC"). It filed the first of three suits (and the one both parties regard as controlling for limitations purposes) four years and one day after the cause of action...

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