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ELLIOTT v. FEDERAL HOME LOAN BANK BOARD

Nos. 63-1072, 63-1107, 63-1230.

233 F.Supp. 578 (1964)

Sidney ELLIOTT et al., Plaintiffs, v. FEDERAL HOME LOAN BANK BOARD et al., Defendants, N. Joseph Ross et al., Intervenors. EQUITABLE SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. Sidney ELLIOTT et al., Defendants. Sidney ELLIOTT et al., Cross-Claimants, v. FEDERAL HOME LOAN BANK BOARD et al., Cross-Defendants, N. Joseph Ross et al., Intervenors. Sidney ELLIOTT et al., Plaintiffs, v. FEDERAL HOME LOAN BANK BOARD et al., Defendants. LONG BEACH FEDERAL SAVINGS AND LOAN ASSOCIATION, Cross-Claimants, v. FEDERAL HOME LOAN BANK BOARD et al., Cross-Defendants. EQUITABLE SAVINGS AND LOAN ASSOCIATION, Cross-Claimant, v. FEDERAL HOME LOAN BANK BOARD et al., Cross-Defendants, N. Joseph Ross et al., Intervenors.

United States District Court S. D. California, Central Division.

September 22, 1964.

Attorney(s) appearing for the Case

George W. Trammell, Long Beach, Cal., for Sidney Elliott and Shareholders Protective Committee.

Moore & Lindelof, Los Angeles, Cal., for Equitable Savings & Loan Assn.

Charles K. Chapman, Long Beach, Cal., for Long Beach Federal Savings & Loan Association; Stanley Mosk, Atty. Gen. of California, San Francisco, Cal., for California Savings & Loan Comr.

Francis C. Whelan, U. S. Atty., Donald A. Fareed and James R. Dooley, Asst. U. S. Attys., Carl Eardley, Atty., Dept. of Justice, and Max Wilfand, Los Angeles, Cal., of counsel, for Federal Home Loan Bank Bd. and Federal Deposit Ins. Corp.

Pacht, Ross, Warne, Bernhard & Sears, by Harvey M. Grossman, Los Angeles, Cal., for intervenor N. Joseph Ross.

Blau & Schwartzman, Beverly Hills, Cal., for defendant Joseph Fields.

Fitzpatrick & Wiley, Los Angeles, Cal., for defendant and intervenor Richard Fitzpatrick.

HALL, District Judge.

There are preliminary and peripheral questions of jurisdiction, proper parties, and the like, but, in spite of the proliferation of documents and briefs on the separate motions of each party for summary judgment in these three actions, the central and ultimate question for decision is a limited one: Did the officers and directors of the Long Beach Federal Savings & Loan Association, and the Federal Home Loan Bank Board, or either of them...

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