Blayne V. Scofield | Bloomberg LawFederal Deposit Insurance Corporation v. LSI Appraisal, Inc., 11-cv-00706 (C.D. Cal. Nov. 2, 2011) (Docket No. 35) On November 2, 2011 the U.S. District Court for the Central District of California dismissed two of the four claims filed against an appraisal management company by the Federal Deposit Insurance Corporation (FDIC) in its capacity as receiver for Washington Mutual Bank (WAMU).
FDIC Accused Company of Conducting Shoddy Appraisals
Some Claims Dismissed
Contract Claims Survived
Potential Difficulties With FDIC's Contract Claims
Several Other FDIC Cases Against Appraisers Are Pending
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