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8th Circuit: Family Trust Cannot Block FDIC's Sale Of Debtor's Asset

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ST. LOUIS - A panel of the Eighth Circuit U.S. Court of Appeals on Feb. 27 ruled that anti-injunction provisions in federal law pertaining to financial institutions prevented a family trust from blocking the Federal Deposit Insurance Corp. from selling the asset of a bankrupt bank (Dittmer Properties v. Federal Deposit Insurance Corporation, No. 12-1329, 8th Cir.)....(read more)

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