ST. LOUIS - The Eighth Circuit U.S. Court of Appeals on Feb. 27 affirmed the dismissal of a suit arising from the sale of a note issued by a failed bank, ruling that the Federal Deposit Insurance Corp.'s powers as receiver for failed banks would be restrained if its protection from injunctive relief did not apply when it sells assets to a third party (Dittmer Properties L.P. v. Federal Deposit Insurance Corp., et al., No. 12-1327, Buford Farrington, et al. v. Cathy Richards, et al., No. 12-1329...(read more)![]()
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