Placida Professional Center, LLC v. FDIC

Sheryl Ann Edwards

Case Conclusion Date:January 4, 2012

Practice Area:Real Estate

Outcome:Placida Professional Center was awarded judgment for damages against the FDIC in the amount of $960,000

Description:Placida Professional Center sued FDIC for damages for repudiation of a construction loan agreement after FDIC was appointed as the receiver for a failed bank and stopped funding the loan that was otherwise in good standing in all respects.