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Federal Judge Denies Motion To Reconsider Judgment In Favor Of FDIC

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ASHEVILLE, N.C. - A federal judge in North Carolina on April 29 denied a borrower's motion to reconsider an order requiring him to pay funds owed on a promissory note to the Federal Deposit Insurance Corp. as the receiver for a failed bank, finding that "vacating the Judgment is not necessary to correct a clear error of law or prevent manifest injustice" (Federal Deposit Insurance Corp. v. Dion Holdings LLC, et al., No. 11-0083, W.D. N.C.; 2013 U.S. Dist. LEXIS 60855)....(read more)

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