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Home / Opinion Digests / FDIC May Sue for Real Estate Refund (access required)

FDIC May Sue for Real Estate Refund (access required)

The Federal Deposit Insurance Corporation may sue under federal common law for a refund of local real estate taxes paid to Arlington County on an allegedly erroneous assessment of its property as a “hotel,” but the Alexandria U.S. District Court dismisses the FDIC’s claim for a declaratory judgment. Unlike many federal entities, plaintiff FDIC is subject ...