Sharp v. FDIC (In re Vineyard Natl Bancorp)

Ruling: 
FDIC's claim for damages for debtor's failure to comply with 12 U.S.C. §1831o allowed.
Procedural posture: 
Counter-plaintiff, the Federal Deposit Insurance Corporation (FDIC), filed a claim pursuant to 11 U.S.C.S. § 507(a)(9) for damages in the sum of $579 million on account of debtor's alleged failure to comply with 12 U.S.C.S. § 1831o. Counter-Defendant and Liquidating Trustee filed a motion for partial summary judgment.
Issue: 
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Commercial case opionion summary, case decided on May 03,2013, LexisNexis #0513-117