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Home / Opinion Digests / Banks And Banking / Banks & Banking – Receivership – FDIC – Civil Practice – Borrowers’ Defenses – Subject Matter Jurisdiction (access required)

Banks & Banking – Receivership – FDIC – Civil Practice – Borrowers’ Defenses – Subject Matter Jurisdiction (access required)

Palmetto State Bank v. Riley (Lawyers Weekly No. 002-146-17, 9 pp.) (J. Michelle Childs, J.) 1:16-cv-03842; D.S.C. Holding: Even though defendants have amended their answer so that, instead of asserting counterclaims, they are now asserting defenses based on the actions of a now-defunct bank, the Federal Deposit Insurance Corp., as receiver, is nevertheless a necessary party. ...

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