CARTERET SAV. BANK v. OFFICE OF THRIFT SUPERVISION

Civ. A. No. 91-661.

762 F.Supp. 1159 (1991)

CARTERET SAVINGS BANK, FA, Plaintiff, v. OFFICE OF THRIFT SUPERVISION, in its own capacity and as successor in interest to Federal Home Loan Bank Board; T. Timothy Ryan, Jr., individually and in his official capacity as Director of Office of Thrift Supervision; and Federal Deposit Insurance Corporation, in its own capacity and as successor in interest to Federal Savings and Loan Insurance Corporation, Defendants.

United States District Court, D. New Jersey.

April 25, 1991.


Attorney(s) appearing for the Case

LeBoeuf, Lamb, Leiby & MacRae by Frederick B. Lacey, Newark, N.J., for plaintiff.

Office of Thrift Supervision, Dept. of the Treasury by Aaron B. Kahn and Stephen E. Hart, Special Counsel, Washington, D.C., for defendants Office of Thrift Supervision and T. Timothy Ryan, Jr.

U.S. Dept. of Justice, Civ. Div. by Marcia K. Sowles, Trial Atty., Washington, D.C., and Michael Chertoff, U.S. Atty. by Susan C. Cassell, Asst. U.S. Atty., Newark, N.J., for defendant Federal Deposit Ins. Corp.


OPINION

BISSELL, District Judge.

This matter arises before the Court on the basis of plaintiff Carteret's application for a preliminary injunction restraining the defendants from taking any regulatory action against it for failure to meet any and all such regulations as a result of defendants' refusal to permit plaintiff to utilize its "supervisory goodwill" in determining compliance with such regulations.<...

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