Bill Sauerwein successful before Eighth Circuit

Bill Sauerwein succeeded on appeal before the Eighth Circuit on behalf of the FDIC and a purchaser of a bank’s assets in an action which involved the FDIC’s powers under FIRREA and the validity of title to financial assets transferred to the FDIC’s purchasers. After a successful result before the Federal district court for the Western District of Missouri, the Eighth Circuit Court of Appeals upheld the decision of the trial court in a written opinion found at Dittmer Props., L.P. v. FDIC, 2013 U.S. App. LEXIS 4018 (February 27, 2013). The Eighth Circuit’s opinion extended the powers of the FDIC under 12 U.S.C. §1821 (j), affirmed the validity of title to the assets transferred, and interpreted Missouri partnership law in ruling in favor of Sauerwein’s client.