Federal Deposit Insurance Corporation, a Corporation Existing Under the Laws of the United States v. Robert K. Castetter Jon Chester Arthur E. Engel Harry C. Franser Michael K. Jones Anthony Pierangelo John R. Stockholm Dennis L. Russell

86 F.3d 1162 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. FEDERAL DEPOSIT INSURANCE CORPORATION, a Corporation existing under the laws of the United States, Plaintiff-Appellant, v. Robert K. CASTETTER; Jon Chester; Arthur E. Engel; Harry C. Franser; Michael K. Jones; Anthony Pierangelo; John R. Stockholm; Dennis L. Russell, Defendants-Appellees. No. 94-55974. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 5, 1996. Decided June 3, 1996. As Amended on Denial of Rehearing Aug. 28, 1996. Before: SKOPIL, CANBY, and LEAVY, Circuit Judges. 1 MEMORANDUM * 2 The FDIC brought this action in its capacity as receiver of Balboa National Bank against the bank's former outside directors. A jury verdict in favor of the FDIC was set aside by the district court. The FDIC argues on appeal that the district court erred in granting judgment as a matter of law, and alternatively, granting a new trial. We reverse the district court's grant of judgment as a matter of…