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Federal Judge Lets Most Claims Against FDIC In Investment Suit Survive

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SPOKANE, Wash. - A federal judge in Washington on March 22 granted partial summary judgment to the Federal Deposit Insurance Corp. in a suit an investor filed related to investments he made in connection with a failed bank, finding that the investor raised genuine issues of material fact sufficient to avoid summary judgment on most of the claims (Charles C. Sung, M.D. v. Mission Valley Renewable Energy LLC, et al., No. 11-5163, E.D. Wash.; 2013 U.S. Dist. LEXIS 40580; See March 2013, Page 58)....(read more)

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