FIRREA and standing arguments win dismissal and judgments for client

Bill Sauerwein and associates Anne Kelly and Mike Schroer combined efforts to obtain a dismissal of claims filed in the United States District Court against the FDIC.  The case involved an attempt by a partnership to invalidate a multi million dollar deed of trust delivered to a bank later placed in receivorship by the FDIC.  The court in entering its Judgment agreed that the action was barred by FIRREA and that the Plaintiff lacked standing to bring the action based in part on the Supreme Court’s opinion in Lutjan v. Defenders of Wildlife, 504 U.S. 555 (1992).