Southern Industrial Realty, Inc., Plaintiff, Appellant, v. William J. Noe, et al., Defendants, Appellees, 814 F.2d 1 (1st Cir. 1987)
Annotate this CaseJulio M. Rodriguez and Fiddler, Gonzalez & Rodriguez, San Juan, P.R., on brief for plaintiff, appellant.
Stanley L. Feldstein, Feldstein, Gelpi, Hernandez & Gotay, Old San Juan, P.R., Michael B. Burgee, Deputy General Counsel, Washington, D.C., Rae Schupack, Regional Counsel, New York City, and John David Ferrer, Sr. Atty., Santurce, P.R., on brief for appellee Federal Deposit Ins. Corp.
Before COFFIN, BOWNES and BREYER, Circuit Judges.
PER CURIAM.
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.
Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
