Southern Industrial Realty, Inc. v. William J. Noe
Southern Industrial Realty, Inc. v. William J. Noe
814 F.2d 1; 1987 U.S. App. LEXIS 3655
(Federal Reporter, Second Series)
Southern Industrial Realty, Inc. v. William J. Noe
Opinion
Since the FDIC has a complete defense to state and common law fraud claims on a note it acquired for value, in good faith, and without actual knowledge of fraud at the time of acquisition, Gunter v. Hutcheson, 674 F.2d 862 (11th Cir.), cert. denied, 459 U.S. 826, 103 S.Ct. 60, 74 L.Ed.2d 63 (1982); Gilman v. Federal Deposit Insurance Corp., 660 F.2d 688 (6th Cir. 1981), we affirm the judgment of the district court for the reasons stated in the district court’s August 31, 1983 Opinion and Order and January 29, 1986, 628 F.Supp. 92, Memorandum Opinion and Order of Judgment.
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