Cordus Jackson, Jr., Petitioner v. Gary Thweatt, Respondent; Federal Debt Management, Inc., Petitioner, v. Lee…

Summary

The Texas Supreme Court held that the six‑year limitations period in 12 U.S.C. §1821(d)(14) applies to purchasers of FDIC assets and that the provision applies retroactively to claims existing on August 9, 1989. Accordingly, the court affirmed the appellate judgment in Jackson v. Thweatt and reversed the judgment in Federal Debt Management, Inc. v. Weatherly, remanding both cases for further proceedings.