FEDERAL DEPOSIT INSURANCE CORPORATION, as statutory successor to Resolution Trust Corporation, in its corporate capacity, Plaintiff-Appellant,
v.
Gerald C. BARTON, Gerald G. Rothman, William W. Vaughn, Peter R. Kirwin-Taylor, Gilbert I. Newman, Jack G. Golson, Norman L. Peck, Bernard Ille, Albert Reichman, Joe W. Walser, Jr., and Joseph V. Olree, Defendants-Appellees.
United States Court of Appeals, Fifth Circuit.https://leagle.com/images/logo.png
September 26, 1996.
September 26, 1996.
Attorney(s) appearing for the Case
Jerome Anthony Madden, Federal Deposit Insurance Corporation, Legal Division, Washington, DC, James A. Brown, Stevia M. Walther, John M. Wilson, Dena Lynn Olivier, Liskow & Lewis, New Orleans, LA, Richard Edgar Anderson, Bencomo & Associates, New Orleans, LA, for plaintiff-appellant.
Richard L. Tapp, Jr., McNair Law Firm, Charleston, SC, Ellis B. Murov, Deutsch, Kerrigan & Stiles, New Orleans, LA, for defendants-appellees, Barton, Vaughan, Ille, Walser and Olree.
Hugh Steven Wilson, Steven D. Atlee, Robert A. Long, Latham & Watkins, Los Angeles, CA, Robert N. Habans, Jr., Habans, Bologna & Carriere, New Orleans, LA, for defendants-appellees, Rothman, Newman and Reichmann.
Ronald W. Stevens, Bruce H. Nielson, Kirkpatrick & Lockhart, Washington, DC, Roy C. Cheatwood, Jennifer Bowers Zimmerman, Phelps Dunbar; New Orleans, LA, for defendants-appellees, Kirwin-Taylor and Peck.
Lyman G. Hughes, Carol Collins Payne, George M. Kryder, III, Carrington, Coleman, Sloman & Blumenthal, Dallas, TX, Robert B. Bieck, Jr., Timothy Scott Cragin, Jones, Walker, Waechter, Poitevent, Carrere & Denegre, New Orleans, LA, for defendant-appellee, Golsen.
Jack R. Lawrence, G. Neal Rogers, Lawrence & Ellis, Oklahoma City, OK, for defendant-appellee, Ille.
Jack G. Bush, Oklahoma City, OK, for defendant-appellee, Walser.
David S. Daly, New Orleans, LA, John V. Baus, Jr., Hammett & Baus, New Orleans, LA, for amicus curiae, New England Ins. Co.
George Davidson Fagan, New Orleans, LA, for Gaudet, Robert S. Maloney, Sr., Heidingsfelder, Michell, Robert S. Maloney, Jr., Riedl and Lecler.
Before REYNALDO G. GARZA, DeMOSS and PARKER, Circuit Judges.
United States Court of Appeals, Fifth Circuit.
REYNALDO G. GARZA, Circuit Judge:
The Federal Deposit Insurance Corporation appeals from a summary judgment in favor of Appellees. For the reason stated below, we AFFIRM the decision of the district court.
I.
BACKGROUND
The Federal Deposit Insurance Corporation ("FDIC") appeals from the district court's dismissal of its suit against the former directors ("the Directors") of Oak Tree Savings Bank ("Oak Tree"). The Resolution Trust Corporation...
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