Opinion ID: 5047
Heading Depth: 1
Heading Rank: 6

Heading: the yacht foreclosure

Text: The FDIC argues that the pendency of the maritime action in federal court precluded recovery on Taylor's claim for bad faith foreclosure because such a claim was a compulsory counterclaim 32 under the Fed. R. Civ. P. Rule 13(a). Taylor, however, plead this counterclaim in both the federal and state court actions. Because the state action was tried first, Taylor's counterclaim was never adjudicated in the federal court action. Therefore, contrary to the FDIC's assertions, Taylor never waived this claim, and it was properly considered in the state action. See Southern Constr. Co., Inc. v. Pickard, 371 U.S. 57, 60-61 (1962).