Seventh Circuit: FDIC v. Kenneth Hoffman, Jr.

Federal Jurisdiction, Contracts


Court retains jurisdiction when FDIC assigns its interest in the loan to a private company, as the case continues to arise under federal law.

Under state law, release of claim that contains a general release of claim as well as a release of a specific claim is facially ambiguous.

Under state law, the fair and customary meaning prevails.


FDIC v. Kenneth Hoffman, Jr.