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TAM v. F.D.I.C.

Case No. CV 08-06458 MMM (AJWx).

830 F.Supp.2d 850 (2011)

Philemon TAM, Kathy T-M Tam, Titus Tambunan, Christine Tam, and Victor Tam, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, in its own name and as Receiver for IndyMac Bank, F.S.B.; Does 1 through 10, Defendants.

United States District Court, C.D. California.

November 14, 2011.

Attorney(s) appearing for the Case

Philemon Tam , Pasadena, CA, pro se.

Kathy T-M Tam , Pasadena, CA, pro se.

Titus Tambunan , Pasadena, CA, pro se.

Christine Tam , Pasadena, CA, pro se.

Victor Tam Pasadena, CA, pro se.

Rita Maria Haeusler , Hughes Hubbard & Reed LLP, Los Angeles, CA, Scott H. Christensen , Hughes Hubbard & Reed LLP, Washington, DC, Byron Z. Moldo , Ervin Cohen & Jessup LLP, Beverly Hills, CA, for Defendants.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

MARGARET M. MORROW, District Judge.

On July 11, 2008, the Office of Thrift Supervision ("OTS") closed IndyMac Bank, F.S.B. ("IndyMac") and appointed the Federal Deposit Insurance Corporation ("FDIC") as the bank's receiver pursuant to 12 U.S.C. § 1821(c)(2)(A). That same day, the FDIC formed IndyMac Federal Bank, a newly chartered depository institution, and transferred IndyMac's insured deposits to it. The FDIC...

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