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FEDERAL DEPOSIT INSURANCE CORPORATION v. PORTER

No. 96-P-1169.

46 Mass. App. Ct. 241 (1999)

FEDERAL DEPOSIT INSURANCE CORPORATION v. RONALD A. PORTER, individually and as trustee, & another.

Court of Appeals of Massachusetts, Plymouth.

January 27, 1999.

Attorney(s) appearing for the Case

Richard B. Michaud for Ronald A. Porter.

Lawrence D. Shubow for Helen R. Porter.

Kathleen C. Engel for the plaintiff.

Present: KASS, SMITH, & FLANNERY, JJ.

SMITH, J.

Federal Deposit Insurance Corporation (FDIC), as the receiver/liquidating agent for Landmark Bank for Savings (bank), brought an action against the defendants, Ronald A. Porter, as sole trustee of L. A. Realty Trust (trust), and against Mr. Porter and his wife, Helen R. Porter, individually as cobeneficiaries of the trust. The action was brought by the FDIC to recover a $2,000,000 deficiency resulting from...

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