Federal Deposit Insurance Corp. v. Knostman

SHABAZ, District Judge. The following principal issues are pursued in this appeal: (i) whether the district court abused its discretion in granting the plaintiff Federal Deposit Insurance Corporation (""FDIC"") leave to amend its June 10, 1983 complaint on April 9, 1991; (ii) whether the district court erred in granting summary judgment in favor of plaintiff FDIC declaring that it, as the sole Receiver for Manning Savings and Loan Association (""Manning Savings""), was entitled to the proceeds of certain escrowed funds pursuant to contracts between Itex Energy Corporation (""Itex"") and Manning Production Inc. (""Manning Production""), a wholly-owned subsidiary of Manning Savings; (iii) whether the district court abused its discretion in dismissing plaintiff FDIC's other claims without prejudice. We answer all of these questions in the negative and affirm the judgments. BACKGROUND