96 Cal. Daily Op. Serv. 3216, 96 Daily Journal D.A.R. 5280, 96 Daily Journal D.A.R. 8911 Ranbir S. Sahni v. American Diversified Partners American Diversified Investment Corporation Katz Brothers Development Corporation II Does, 1 Through 50, Inclusive, Federal Deposit Insurance Corporation, as Receiver for American Diversified Savings Bank, Cross-Claimant-Appellee v. Ranbir S. Sahni, Cross-Defendant-Appellant

83 F.3d 1054 96 Cal. Daily Op. Serv. 3216 , 96 Daily Journal D.A.R. 5280, 96 Daily Journal D.A.R. 8911 Ranbir S. SAHNI, Plaintiff-Appellant, v. AMERICAN DIVERSIFIED PARTNERS; American Diversified Investment Corporation; Katz Brothers Development Corporation II; Does, 1 Through 50, Inclusive, Defendants-Appellees. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for American Diversified Savings Bank, Cross-Claimant-Appellee, v. Ranbir S. SAHNI, Cross-Defendant-Appellant. No. 94-56534. United States Court of Appeals, Ninth Circuit. Argued and Submitted Feb. 5, 1996. Decided May 7, 1996. As Amended July 24, 1996. Christopher J. Bellotto, Linda J. Berberian, F.D.I.C., Washington, DC, for appellees. Ronald E. Gregg, Santa Ana, California, for appellant. Appeal from the United States District Court for the Central District of California; Gary L. Taylor, District Judge, Presiding. No. CV-93-01072-GLT. Before: WALLACE, FERGUSON, and T. G. NELSON, Circuit Judges. FERGUSON, Circuit Judge: 1 In the late 1970's Sahni, the plaintiff-appellant, formed and was the sole general partner of over 50 limited partnerships whose purpose was to build apartment projects financed largely by the…