Case Name: ROYAL MORTGAGE CORP., Plaintiff-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant-Appellee
Court: United States Court of Appeals for the Second Circuit
Jurisdiction: United States
Decision Date: 1999-09-23
Citations: 194 F.3d 389
Docket Number: No. 1871, Docket No. 98-6251
Parties: ROYAL MORTGAGE CORP., Plaintiff-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant-Appellee.
Judges: Before: NEWMAN, CARDAMONE, and JACOBS, Circuit Judges.
Reporter: Federal Reporter 3d Series
Volume: 194
Pages: 389–390

Head Matter:
ROYAL MORTGAGE CORP., Plaintiff-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant-Appellee.
No. 1871, Docket No. 98-6251.
United States Court of Appeals, Second Circuit.
Argued Sept. 1, 1999.
Decided Sept. 23, 1999.
Gary H. Greenberg, New York, N.Y. (Steven D. Feldman, Orans, Elsen & Lu-pert, on the brief), for Plaintiff-Appellant.
Thomas C. Bahlo, Washington, D.C. (Ann S. DuRoss, Assistant General Counsel, Colleen J. Boles, Senior Counsel, Federal Deposit Insurance Corporation, on the brief), for Defendant-Appellee.
Before: NEWMAN, CARDAMONE, and JACOBS, Circuit Judges.

Opinion:
PER CURIAM:
Plaintiff-Appellant Royal Mortgage Corp. ("Royal") appeals from a judgment of the United States District Court for the Southern District of New York (Cedarb-aum, /.), dismissing, on a motion for summary judgment of Defendant-Appellee Federal Deposit Insurance Corp. ("FDIC"), Royal's claim that it (rather than the FDIC) was the proper plaintiff in a pending state court action. Royal had purchased loans from the FDIC pursuant to an agreement that entitled Royal to be substituted for the FDIC in any litigation of which an assigned loan was the "subject." In the state court action the FDIC sued an accounting firm that had allegedly overvalued the security for two of the assigned loans.
For substantially the reasons stated by the district court, we hereby affirm the district court's opinion. See Royal Mortgage Corp. v. Federal Deposit Ins. Corp., 20 F.Supp.2d 664 (S.D.N.Y.1998).
The judgment of the district court is affirmed.