SECURITY SAV. & LOAN v. DIRECTOR, OTS

No. 91-1570.

960 F.2d 1318 (1992)

SECURITY SAVINGS AND LOAN v. DIRECTOR, OFFICE OF THRIFT SUPERVISION, etc., and FDIC, etc., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

May 18, 1992.


Attorney(s) appearing for the Case

Aaron B. Kahn, Sp. Counsel, Thomas J. Segal, Assoc. Chief Counsel, Martin Jefferson Davis, Sr. Trial Atty., Harris Weinstein, Chief Counsel, Office of Thrift Supervision, Washington, D.C., for Director.

George L. Phillips, U.S. Atty., Jackson, Miss., Scott R. McIntosh, Douglas N. Letter, Jennifer H. Zacks, Christine N. Kohl, Stuart M. Gerson, Asst. Atty. Gen., U.S. Dept. of Justice, Civ. Div., Thomas A. Schulz, Marta Berkeley, Asst. Gen. Counsel, Legal Div., FDIC, Washington, D.C., for FDIC.

Alan W. Perry, Forman, Perry, Watkins & Krutz, Jackson, Miss., Ben F. Johnson, III, Mary C. Gill, Alston & Bird, Atlanta, Ga., for Sec. Sav. & Loan Ass'n et al.

Before WILLIAMS and WIENER, Circuit Judges, and LITTLE, District Judge.


WIENER, Circuit Judge:

Once again, this court must tend to casualties of the savings and loan crisis. This time, the question is whether the United States Government agreed to permit Security Savings and Loan Association (Security) to treat certain items arising from supervisory mergers with several failing thrifts as regulatory capital, and, if it did, whether Congress intended to exempt such contractual rights from the rigorous new capital requirements enacted in...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases