INDYMAC TRUSTEE'S COMPLAINT FOR DECLARATORY RELIEF, ENFORCEMENT OF THE AUTOMATIC STAY, ACCOUNTING

LEE R. BOGDANOFF (State Bar No. 119542)

MATTHEW C. HEYN (State Bar No. 227474)

KLEE, TUCHIN, BOGDANOFF & STERN LLP

1999 Avenue of the Stars, 39th Floor

Los Angeles, California 90067-6049

Telephone: (310) 407-4000

Facsimile: (310) 407-9090

Email: lbogdanoff@ktbslaw.com, mheyn@ktbslaw.com

VAN C. DURRER, II (State Bar No. 226693)

SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP

300 South Grand Avenue, Suite 3400

Los Angeles, California 90071-3144

Telephone: (213) 687-5200

Facsimile: (213) 621-5200

Email: van.durrer@skadden.com

Of Counsel:ANDREW L. SANDLER (Admitted Pro Hac Vice)

BENJAMIN B. KLUBES (Admitted Pro Hac Vice)

SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP

1440 New York Avenue, N.W.Washington, District of Columbia 20005

Telephone: (202) 371-7000

Facsimile: (202) 393-5760

Email: asandler@skadden.com, bklubes@skadden.com

Counsel for Alfred H. Siegel

As Chapter 7 Trustee

UNITED STATES BANKRUPTCY COURT

CENTRAL DISTRICT OF CALIFORNIA

LOS ANGELES DIVISION

Alfred H. Siegel, as Trustee for the Chapter 7 estate of INDYMAC BANCORP, INC. Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant

Case No.: 2:08-21752-BB Chapter 7

1. This action stems from a dispute regarding the extent to which assets being sold by the Federal Deposit Insurance Corporation ("FDIC") – acting in its capacity as Receiver for IndyMac Bank, F.S.B (the "Bank") and as Conservator for IndyMac Federal Bank, F.S.B. ("New IndyMac") – in connection with its sale of the banking operations of New IndyMac (the "Transaction") belong, in whole or in part,to the Debtor's Chapter 7 estate ("Estate").

Case 2:08-bk-21752-BB Doc 258 Filed 02/23/09 Entered 02/23/09 15:40:18