District Court, D. Massachusetts July 9, 1997, Civil Action No. 95-11332-EFH (Federal Deposit Insurance v. Abrams)

MEMORANDUM AND ORDER

HARRINGTON, District Judge.

This action was filed by the FDIC Olympic International Bank & Trust Company Receiver (“FDIC Olympic Receiver”) to recover *20on behalf of the Olympic receivership estate millions of dollars in losses resulting from acts of negligence, gross negligence, breach of fiduciary duty, and breach of contract by Olympic International Bank & Trust Company’s