Court of Appeals for the First Circuit January 2, 1986, Nos. 85-1388, 85-1480 (United States Investment & Development Corp. v. Cruz)

TORRUELLA, Circuit Judge.

These appeals arise from the dismissal for lack of prosecution of a twelve year old law suit. The appellant United States Investment and Development Corporation (“USIDC”) is a private developer who entered an agreement to build a federally-funded housing project in New Bedford, Massachusetts.