District Court, S.D. New York April 16, 1993, 91 Civ. 3624 (LBS) (Fresca v. Federal Deposit Insurance)

OPINION

SAND, District Judge.

This action is brought by Jacqueline Fresca and her husband, Crescent Fresca, against the FDIC as receiver for Seamen’s Bank for Savings (the “Bank”), under 12 U.S.C. § 1821, the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), challenging the repudiation of benefits under an Enhanced Retirement Program (“ERP”).