Opinion ID: 70731
Heading Depth: 2
Heading Rank: 3

Heading: The Federal Deposit Insurance Corporation's Claim

Text: 54 In addition to disputing the lease claims, the appellants argue that the bankruptcy court improperly held them liable for a $7,014,103 claim of the Federal Deposit Insurance Corporation as receiver of the Southern California Savings and Loan Association. The bankruptcy court's order allowing the FDIC's claim was tried separately. On appeal, the district court reversed and disallowed the FDIC's claim in its entirety. This Court affirmed the district court. In re The Securities Groups, Dayton Securities Assocs., et al. v. Federal Deposit Insurance Corp., No. 92-2572, 35 F.3d 576 (11th Cir. August 31, 1994). 55 The judgment against the appellants must be reduced by $7,014,103 to reflect the disallowed claim. We VACATE that portion of the lower courts' opinions allowing the FDIC's claim and REMAND with instructions to modify the judgment accordingly.